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Ferrari ( (IT:RACE) ) has issued an announcement.
In January 2025, Ferrari N.V. provided an update on its ongoing share buyback program, which aims to purchase approximately Euro 2 billion worth of shares by 2026. As of January 2025, Ferrari has completed the sixth tranche of the buyback, acquiring over 52,000 shares on the Euronext Milan, contributing to a total investment of Euro 1.27 billion since the program’s inception in 2022. This strategic move enhances Ferrari’s financial flexibility and potentially increases shareholder value.
More about Ferrari
Ferrari N.V. is a renowned luxury sports car manufacturer based in Maranello, Italy. The company is known for its high-performance vehicles and has a strong market presence in the automotive industry, particularly in the luxury and performance segments.
YTD Price Performance: 3.83%
Average Trading Volume: 286,001
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $104.5B
For a thorough assessment of RACE stock, go to TipRanks’ Stock Analysis page.
