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Ferrari ( (IT:RACE) ) has shared an announcement.
On February 3, 2025, Ferrari announced the completion of the sixth tranche of its share buyback program, purchasing over 247,000 common shares on Euronext Milan and 25,020 on the NYSE since December 2024. This initiative is part of a broader multi-year plan to buy back approximately €2 billion in shares by 2026, reinforcing Ferrari’s commitment to enhancing shareholder value and maintaining strategic financial flexibility.
More about Ferrari
Ferrari N.V. is a prominent entity in the luxury automobile industry, renowned for producing high-performance sports cars. The company operates with a strong focus on innovation and exclusivity, catering to a global market of automotive enthusiasts.
YTD Price Performance: 2.91%
Average Trading Volume: 297,235
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $103.7B
For an in-depth examination of RACE stock, go to TipRanks’ Stock Analysis page.
