Exail Technologies falls as majority owner sells shares in block trade

Exail Technologies SA

24/03/2026 09:30

** Shares in French underwater drone maker Exail Technologies EXA.PA fall around 7% after majority shareholder Gorgé SA sold 500,000 shares via a block trade priced at 126 euros, a 9% discount to Monday's close

** "It is the cause of the pressure, in terms of both the amount and the discount, as well as the timing," TP ICAP Midcap analyst Julien Thomas says

** Thomas adds that given the recent rise, even over the past year, he is not surprised that there is a desire to take some profits

** Up to Monday's close, the Exail shares were up around 70%​ YTD

(Reporting by Hugo Lhomedet)

((hugo.lhomedet@thomsonreuters.com))