RACE ▼ -3.0% - Ferrari N.V. $RACE - FERRARI N.V.: COMPLETION OF THE SECOND TRANCHE AND ANNOUNCEMENT OF THE THIRD TRANCHE OF THE MULTI-YEAR SHARE REPURCHASE PROGRAM Ferrari completed the second tranche of its multi-year share repurchase program and announced a third tranche, yet the stock declined 3.0% today. Share buyback announcements typically support stock prices by reducing share count and signaling management confidence, though market reaction can vary based on broader sentiment, valuation concerns, or concurrent economic conditions. 01-SEP-2026 12:41 PM ET