Why Ferrari Stock Crashed Today
(NYSE: RACE) stock is racing toward its worst trading day since the luxury automaker listed shares on the Milan stock exchange nearly 10 years ago. The company updated investors at its Capital Markets Day event in Italy, but it wasn't very well received by analysts.
As of 12:15 p.m. ET, Ferrari shares were trading off the lows of the day, but still down 14.4%.
Image source: Getty Images.
Source Fool.com
Ferrari NV Stock
€312.80
0.030%
With 19 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 464 € there is a positive potential of 48.34% for Ferrari NV compared to the current price of 312.8 €.
