Ferrari (NYSE:RACE) Reports on Stock Buyback Program

Ferrari (NYSE:RACE) Reports on Stock Buyback Program

Ferrari (NYSE:RACE) Reports on Stock Buyback Program

$RACE

Ferrari N.V. (NYSE:RACE) announce Tuesday that under the common share buyback program announced on 9 February 2018, the Company has purchased the common shares on the Italian Stock Exchange (MTA), as provided in attachment.

After the purchases announced today and considering those previously executed under the program, the total invested amount is EUR 30,056,649.00 (US$ 37,026,541.03) for a total amount of 307,856 common shares purchased.

As of 9 April 2018 the Company holds No. 5,277,481 common shares in treasury.

In total, the Maranello outfit holds 2.11% of total issued share capital including the common shares and the special voting shares.

For the full report go here: FNV Buyback Purchase PR (ENG) 10apr18

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 122.51 10 April 2018 2.32 121.95 122.65 121.19 258,196
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Neutral (0.04) Neutral (0.03) Bullish (0.25) Neutral (-0.15)

Stay tuned…

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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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