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The latest announcement is out from Ferrari ( (IT:RACE) ).
Ferrari N.V. has executed the sixth tranche of its multi-year share buyback program, acquiring shares worth approximately Euro 22.1 million on the Euronext Milan and New York Stock Exchange. This initiative, part of a broader Euro 2 billion buyback strategy announced in 2022, aims to enhance shareholder value and reflects Ferrari’s robust financial health and commitment to strategic capital management.
More about Ferrari
Ferrari N.V. is a renowned luxury sports car manufacturer based in Italy, primarily producing high-performance vehicles and operating in the automotive industry. The company is listed on the Euronext Milan and the New York Stock Exchange, focusing on delivering exceptional automotive experiences to a global market.
YTD Price Performance: 35.06%
Average Trading Volume: 301,756
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $110.3B
For a thorough assessment of RACE stock, go to TipRanks’ Stock Analysis page.
