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Ferrari Advances Strategic Share Buyback Program
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Ferrari Advances Strategic Share Buyback Program

Ferrari (IT:RACE) has released an update.

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Ferrari has announced the continuation of its share buyback program, purchasing 17,600 shares on Euronext Milan from October 14 to October 18, 2024, as part of a broader strategy to repurchase up to 2 billion Euros worth of shares by 2026. This effort is part of Ferrari’s ongoing initiative to enhance shareholder value, with a total of 3,819,485 treasury shares repurchased since the program’s inception.

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

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