Ferrari Faces Price Drop as Investors Assess Impact of Recent Stock Slump
Thinking about what to do with Ferrari stock? You’re not alone. This luxury carmaker has long enjoyed a status most companies could only dream of, both in the showroom and on the stock market. Yet lately, investors have started to ask tougher questions. After all, Ferrari’s share price has taken a bit of a detour, down 1.1% over the last week, sliding 14.0% in the past 30 days, and posting a 16.8% drop year to date. Even more striking, Ferrari shares are off 22.6% in the past year, despite still holding a strong 5-year performance of 119.2%. Those numbers make it clear: the market’s perception of Ferrari’s growth potential and risk has been shifting, influenced by sector-wide uncertainty and heavier debate over what counts as…
