Ferrari N.V. (RACE) dropped 15.50% to close at $404.95, down $74.26, after the company unveiled its 2030 strategic plan during Capital Markets Day.
Despite raising its 2025 revenue guidance to at least 7.1 billion euros and setting a long-term revenue target of €9 billion by 2030, investors reacted negatively to the revised electric vehicle strategy and conservative long-term outlook.
The stock opened at $416.00, reached a high of $481.00 and a low of $403.38, with the previous close at $479.21. Trading occurred on the NYSE with a volume of 3,856,044 shares versus the average volume of 1,200,000. The 52-week range for RACE is $300.00-$515.00.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.