BIT:RACEAuto
Is Ferrari (BIT:RACE) Still Worth The Premium After Recent Share Price Pullback
Wondering if Ferrari shares at about €289 still make sense for your portfolio, or if the price already reflects the brand premium you are paying for.
The stock has returned 3.5% over the last 7 days, while the 30 day return is a 10.1% decline and the 1 year return sits at a 27.5% decline, even though the 3 and 5 year returns are 18.9% and 69.4% respectively.
Recent headlines around Ferrari have focused on its position in the premium auto space and how investors weigh its brand strength...