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The latest update is out from Ferrari ( (IT:RACE) ).
Ferrari N.V. announced the continuation of its share buyback program as part of a multi-year initiative worth approximately €2 billion, expected to be completed by 2026. Since the announcement of the sixth tranche, the company has purchased a significant number of shares on both the Euronext Milan and NYSE, reflecting a strategic move to enhance shareholder value and strengthen its market positioning.
More about Ferrari
Ferrari N.V. is a renowned luxury sports car manufacturer primarily engaged in the design and production of high-performance automobiles. The company operates within the automotive industry, focusing on delivering premium vehicles known for their speed, innovation, and distinctive Italian craftsmanship. Ferrari maintains a strong market presence with a global reach, catering to affluent clients and automotive enthusiasts.
YTD Price Performance: 3.09%
Average Trading Volume: 283,466
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $104.3B
Find detailed analytics on RACE stock on TipRanks’ Stock Analysis page.
