Ferrari completes second buyback tranche

Ferrari’s shares were last at 411.28, after touching 436.54 on Aug. 21, with the stock still well above its 200-day average of 362.75. But short-term momentum has cooled, with the price slipping from 422.60 on Aug. 31, and conventional technical indicators including RSI readings near 50 and a flattening MACD point to a pause after the recent run-up.

The company’s timing also comes as the S&P 500 trade-signal snapshot shows neutral sentiment but extreme fear in awareness, underscoring how corporate buybacks are being read through a cautious market lens. In that kind of backdrop, a Ferrari repurchase can support the shares, but it is not likely to offset macro volatility on its own.

For investors, the key takeaway is that Ferrari is still prioritizing capital returns alongside its premium brand strategy, a combination that tends to support downside protection and long-term multiple expansion if demand holds. The next focus will be how quickly Ferrari advances the third tranche and whether it pairs the buyback with any change to guidance, margin targets or delivery outlook.