Ferrari N.v.: Completion of the Seventh Tranche of the Multi-Year Share Repurchase Program
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Ferrari N.V. has completed the seventh tranche of its multi-year share repurchase program by purchasing 666,666 common shares for 299,999,700 Euro.
March 07, 2025 | 3:45 pm
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Ferrari N.V. has completed a significant share repurchase, acquiring 666,666 shares for 299,999,700 Euro as part of its ongoing multi-year program.
The completion of a share repurchase program often signals management's confidence in the company's future prospects and can lead to a positive impact on the stock price. By reducing the number of shares outstanding, it can also increase earnings per share, making the stock more attractive to investors.
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IMPORTANCE 80
RELEVANCE 100