Ferrari NV (IT:RACE) has released an update.
Ferrari N.V. continues to progress in its Euro 2 billion multi-year share buyback program, already investing over Euro 144 million on the Euronext Milan (EXM) and USD 40 million (Euro 37 million) on the New York Stock Exchange (NYSE) as of March 15, 2024. The luxury car manufacturer also covered employee stock grants and related taxes by purchasing and assigning shares. These strategic financial moves underscore Ferrari’s commitment to enhancing shareholder value and reflect the company’s robust capital allocation strategy.
For further insights into IT:RACE stock, check out TipRanks’ Stock Analysis page.
