Ferrari buys back 53,932 shares for €17.7 million in latest weekly tranche

Corporate Action
โดย Yahoo Finance·Read original
Summary · why it matters

Ferrari N.V. purchased 53,932 common shares on the Euronext Milan between July 13 and July 17, 2026, at an average price of €327.93 per share for a total consideration of €17.7 million excluding fees. These purchases are part of the second tranche of a multi-year share buyback program totaling approximately €3.5 billion expected to be executed by 2030. Since the announcement of this second tranche, the company has invested €164.8 million for 550,911 shares on the EXM and $40.8 million for 118,319 shares on the NYSE. As of July 17, 2026, Ferrari held 1,444,295 common shares in treasury, representing 0.81% of total issued common shares, a decrease from prior disclosures due to a completed share cancellation approved at the April 15, 2026 Annual General Meeting. Since the start of the multi-year program on January 5, 2026, the company has repurchased a total of 1,554,675 common shares for €460.8 million.

Impact on stocks 1

Consumer Discretionary · 1 stocks
Ferrari NV
2FE
▲ PositiveCapitalrelevance

Ferrari is actively buying back shares, signaling confidence and returning capital to shareholders.