Is Ferrari Set for a Comeback After Recent 19% Share Price Drop?
Thinking about what to do with Ferrari stock right now? You are not alone. The iconic Italian automaker has had a bumpy ride recently, sliding nearly 19% in just the past week and more than 15% over the last 30 days. Even year-to-date, Ferrari is down a modest 2.2%, and over the last 12 months it has slipped 9.4%. However, if you step back a bit further, the outlook quickly shifts. Shares are up a remarkable 126.8% over three years and an equally impressive 124.3% over five years. Such mixed returns have investors wondering whether the racing legend’s stock is about to make a comeback, or if risks now outweigh the horsepower.
Part of the recent turbulence comes as the market reassesses luxury and high-end consumer brands. Though…
