FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
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Ferrari N.V. has announced the purchase of additional common shares under its Euro 250 million share buyback program, part of a larger Euro 2 billion buyback plan expected to be completed by 2026.
November 11, 2024 | 3:45 pm
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Ferrari N.V. is actively executing its Euro 250 million share buyback program, part of a larger Euro 2 billion plan. This buyback is likely to support the stock price by reducing the number of shares available in the market.
The continuation of the share buyback program indicates Ferrari's commitment to returning value to shareholders, which typically supports or increases the stock price by reducing the supply of shares. This is part of a larger strategic plan, enhancing investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100