Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. It offers sports, trac...
Ferrari (RACE.US) opened lower and continued its decline during regular trading, dropping 3.1% to $360.16 as of ET 10:24, now 30.6% below its 52-week high of $519.10 yet still 15.3% above the 52-week low of $312.51. The opening price of $364.28 fell short of the prior close of $371.61, and the stock never recovered, hitting an intraday low of $360.04. Q1 2026 results showed revenue up 9.26% YoY to $2.12 billion and net profit rising 6.18% YoY to $473 million, with a net margin of 22.34%, but the stock remains below its 20-day moving average of $373.83, creating a contrast between solid fundamentals and weak price action. Jefferies recently issued a Buy rating, though no specific price target was provided. However, post-market trading saw the stock rebound to $371.38, suggesting some bargain hunting.
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The markets have been really impressive and may have legs to go further but provided supports hold. At the moment, this market does not even need support! Stay safe!
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