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Ferrari ( (IT:RACE) ) just unveiled an announcement.
On February 17, 2025, Ferrari N.V. announced the continuation of its multi-year share buyback program, originally disclosed during the 2022 Capital Markets Day. The company completed the sixth tranche of its Euro 2 billion buyback initiative, purchasing additional shares on the Euronext Milan and the New York Stock Exchange. As of February 14, 2025, Ferrari has invested over Euro 112 million and USD 12.9 million in acquiring common shares, holding a total of 5.86% of its issued share capital in treasury. This strategic move aims to enhance shareholder value and bolster Ferrari’s position in the market.
More about Ferrari
Ferrari N.V. operates in the luxury automobile industry, focusing on the design, manufacture, and sale of high-performance sports cars. As a globally recognized brand, Ferrari has a prominent market presence, particularly in the luxury automotive sector, known for its innovation and engineering excellence.
YTD Price Performance: 20.99%
Average Trading Volume: 297,017
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $124.1B
See more insights into RACE stock on TipRanks’ Stock Analysis page.
