Movement Alert｜Ferrari NV Falls 3.1% in Regular Trading, Automobile Manufacturers Sector Under Broad Selling Pressure

Market Focus

Jul 23

On July 23, Ferrari NV fell 3.1% in regular trading, trading at $360.27/share, with turnover of $36.825 million.

On the news front, the automobile manufacturers sector came under broad-based selling pressure during the session. Tesla led the decline with a 13.61% drop, followed by General Motors down 3.51%, Rivian Automotive down 3.17%, and Ford down 2.32%. The systematic sector-wide selloff dragged Ferrari NV lower in sympathy.

At the company level, Ferrari NV is scheduled to release its latest quarterly earnings on July 30, with consensus expectations of revenue at 1.884 billion euros and adjusted EPS of 2.83 euros. Multiple investment banks have recently raised their target prices on the stock, maintaining a generally constructive outlook ahead of the report.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Tesla led the decline with a 13.61% drop, followed by General Motors down 3.51%, Rivian Automotive down 3.17%, and Ford down 2.32%. The systematic sector-wide selloff dragged Ferrari NV lower in sympathy.</p><p>At the company level, Ferrari NV is scheduled to release its latest quarterly earnings on July 30, with consensus expectations of revenue at 1.884 billion euros and adjusted EPS of 2.83 euros. Multiple investment banks have recently raised their target prices on the stock, maintaining a generally constructive outlook ahead of the report.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. 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