Why Ferrari Stock Hit the Brakes This Week

Shares of the luxury automaker Ferrari (NYSE: RACE) spun out this week after management updated its full-year and 2030 guidance. While the company estimates 2025 revenue will be slightly higher than previously estimated, management's 2030 revenue outlook was below Wall Street's estimates.As a result, Ferrari's stock fell 15% on Thursday -- its worst trading day ever and was down by 18.2% over the past week, before the market opened Friday morning. Image source: Ferrari.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool