Ferrari Share Price Slips to New Low From Opening Price in October

Previous Article
Next Article

Ferrari Share Price Slips to New Low From Opening Price in October –

THE WALL STREET JOURNAL -Shares of the luxury automaker are off 2.1% to $50.30, on track to close at their lowest level since debuting in October, after a batch of analysts initiated coverage on the stock almost a month after it went public.

Ferrari’s stock has slid 16% from its opening price of $60 when it launched Oct. 21. The night before the company’s public debut, shares priced at $52 each, at the top of the expected range, showing investors were willing to pay up for a firm with a strong brand.

UBS, for one, is optimistic on the stock, expecting it to return to its opening debut price of $60 over the next 12 months. Analysts at J.P. Morgan and Evercore ISI are taking a more cautious view though.

Read more…

 

Please follow and like us:
Previous Article
Next Article

Comments

comments

READ  Assistant principal Esther Adler-O'Keefe Removed From Position For Appearing in J.R. and Trey Songz Video "Best Friend"

About the Author

Choco Staff
Follow us for content that entertains, informs, and inspires.

Be the first to comment on "Ferrari Share Price Slips to New Low From Opening Price in October"

Leave a comment

Your email address will not be published.


*


Please spread the word

Read more:
Best Valentine’s Day Gift – Get Them What They Want

Best Valentine’s Day Gift  | Chocolate Informed Today is Valentine's Day and perhaps you're agonizing over what gift to give to...

Close