Ferrari NV (IT:RACE) has released an update.
Ferrari N.V. has actively pursued its share buyback program, purchasing a significant number of common shares on both the Euronext Milan and the New York Stock Exchange as part of a multi-year initiative to invest approximately 2 billion euros by 2026. As of March 22, 2024, the luxury car manufacturer holds over 5% of its total issued share capital in treasury. The company’s buyback efforts, part of a strategy announced during the 2022 Capital Markets Day, aim to enhance shareholder value.
For further insights into IT:RACE stock, check out TipRanks’ Stock Analysis page.
