Ferrari (IT:RACE) has released an update.

Ferrari has advanced its Euro 250 million share buyback initiative, part of a broader Euro 2 billion program expected to be completed by 2026. The company recently purchased 32,654 shares on the Euronext Milan and New York Stock Exchange, bringing the total investment in this tranche to over 148 million Euros. Investors may find this move a strong signal of confidence from Ferrari in its market valuation.

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