NYSE:RACEAuto
Is Ferrari (NYSE:RACE) Still Worth Its Premium After Recent Share Price Pullback
Investors might be wondering whether Ferrari at around US$334 per share still lives up to its premium price tag, or if the recent pullback is creating a more interesting entry point.
The stock is down around 3.5% over the past week, 11.8% over the past month, and 10.1% year to date. The 3 year and 5 year returns of 30.1% and 66.1% reflect a much stronger longer term picture.
Recent headlines have focused on Ferrari as a high end brand in the auto sector and how its positioning differs from...