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Ferrari Share Repurchases Continue

05/10/2021 10:38

02:30 PM EDT, 05/10/2021 (MT Newswires) -- Ferrari (RACE) said that it repurchased 63,840 shares last week at an average price of 168.5702 euros ($204.77) each for total consideration of 10.8 million euros.

The shares were purchased on the Italian Stock Exchange, according to a statement Monday.

Under the fourth tranche of its buyback program between March 11 and May 7, Ferrari bought back 45.4 million euros of shares on the Italian Stock Exchange and $2.8 million of shares on the New York Stock Exchange.

Since Jan. 1, 2019, the company has bought back more than 4 million shares on the two exchanges for 551.2 million euros.

Price: 199.96, Change: -0.54, Percent Change: -0.27