BIT:RACEAuto
Ferrari Faces Price Drop as Investors Assess Impact of Recent Stock Slump
Thinking about what to do with Ferrari stock? You’re not alone. This luxury carmaker has long enjoyed a status most companies could only dream of, both in the showroom and on the stock market. Yet lately, investors have started to ask tougher questions. After all, Ferrari’s share price has taken a bit of a detour, down 1.1% over the last week, sliding 14.0% in the past 30 days, and posting a 16.8% drop year to date. Even more striking, Ferrari shares are off 22.6% in the past year, despite...