Ferrari NV (IT:RACE) has released an update.
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Ferrari N.V. has continued its share buyback program, acquiring 539,743 common shares on the Euronext Milan (EXM) and 140,501 on the NYSE, amounting to a total investment of approximately €238 million. As part of its multi-year plan to repurchase €2 billion worth of shares by 2026, the company’s recent buybacks have increased its treasury holdings to 5.40% of its total issued share capital. Interested investors can find detailed transaction information on Ferrari’s corporate website under the Buyback Programs section.
For further insights into IT:RACE stock, check out TipRanks’ Stock Analysis page.
