Ferrari (IT:RACE) has released an update.
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Ferrari has continued its share buyback program, purchasing over 68,000 shares on Euronext Milan for approximately 28 million euros as part of its multi-year, 2 billion euro initiative. Since the program’s inception, Ferrari has repurchased nearly 4 million shares, reflecting confidence in its market value. This strategic move aims to enhance shareholder value amid steady financial growth.
For further insights into IT:RACE stock, check out TipRanks’ Stock Analysis page.
