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The latest announcement is out from Ferrari ( (IT:RACE) ).
On January 20, 2025, Ferrari N.V. announced its continued progress in a multi-year share buyback program, which aims to repurchase approximately Euro 2 billion worth of shares by 2026. As part of the sixth tranche of this program, Ferrari has purchased additional common shares on the Euronext Milan with a total consideration of Euro 12,559,977.30. Since the start of the program, the company has acquired 4,134,027 common shares, reflecting a strategic move to manage its share capital and potentially enhance shareholder value.
More about Ferrari
Ferrari N.V., based in Maranello, Italy, is a prominent player in the luxury sports car industry, known for its high-performance vehicles. The company focuses on the production and sale of luxury sports cars and has a significant presence in the global automotive market.
YTD Price Performance: 4.67%
Average Trading Volume: 283,600
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $106.4B
Learn more about RACE stock on TipRanks’ Stock Analysis page.