Ferrari (NYSE:RACE) is in a Festive Mode

Ferrari (NYSE:RACE) is in a Festive Mode

Ferrari (NYSE:RACE) is in a Festive Mode

$RACE, $BID

Ferrari (NYSE:RACE) is in festival mode: Y 2017 is the Maranello outfit 70th Anni.

The LaFerrari Aperta is the model that symbolizes the world most iconic brand’s milestone and it was part of the convoy during the 6th Edition of the Ferrari Cavalcade.

If you are hearing about this event for the 1st time it’s being billed as a “Traveling Show” reserved only for the “most loyal customers and collectors” aka corso clienti.

More than 100 cars owned by people from over 30 countries gathered at the starting point at Borgo Egnazia in Italy and then drove through the nearby scenic routes, tackling the narrow streets of the villages to the delight of bystanders.

Most of the Ferraris registered for the 2017 Cavalcade were recent models, such as the 488 Spider, California T, F12tdf, and the GTC4Lusso. The cream of the crop was represented by the iconic trio: F40, F50, and Enzo, with the aforementioned Aperta at the Top.

There is no word yet about Ferrari’s latest model, the 812Superfast just recently unveiled.

Ferrari is not resting on its laurels as work is already well underway at a new model, though its identity is hard to know at the moment.

Spy shots have shown an intriguing 488 with the engine bay window covered. Latest info suggests it’s a KERS-equipped beefier 488 or perhaps a test mule for a V6-powered Dino reboot.

Later this year, RM Sotheby’s (NYSE:BID) will celebrate Ferrari’s 70th Anni by organizing what it describes as being the biggest Ferrari auction ever. It will happen between 8-10 September during the anni celebration in Maranello.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 85.95 29 June 2017 -1.82 86.39 86.44 85.23 606,232
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Neutral (0.22) Neutral (-0.10) Bullish (0.26) Very Bullish (0.50)

Source:Ferrari

Paul Ebeling, Editor

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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