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Ferrari Advances Multi-Year Share Buyback Plan

Ferrari Advances Multi-Year Share Buyback Plan

Ferrari NV (IT:RACE) has released an update.

Ferrari N.V. continues to actively execute its share buyback program, having invested a total of €213.79 million to repurchase 618,386 common shares as part of its Fourth Tranche, aiming for a €2 billion buyback by 2026. As of April 5, 2024, Ferrari holds 5.38% of its total issued share capital in treasury. The program’s detailed transactions are available on the company’s website under the Buyback Programs section.

For further insights into IT:RACE stock, check out TipRanks’ Stock Analysis page.

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