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
€323.90
0.190%
The stock is one of the favorites of our community with 21 Buy predictions and 1 Sell predictions.
As a result the target price of 475 € shows a positive potential of 46.65% compared to the current price of 323.9 € for Ferrari NV.
