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
€289.10
-0.550%
The stock is one of the favorites of our community with 25 Buy predictions and 1 Sell predictions.
As a result the target price of 453 € shows a very positive potential of 56.69% compared to the current price of 289.1 € for Ferrari NV.
