Ferrari hits the New York Stock Exchangewho has not stopped showing nervousness since the signing of Lewis Hamilton for the Italian team starting in 2025. A signing that translates into a huge amount of money for the ‘prancing horse’ brand.
Proof of this is that Ferrari stock closed Wednesday at $346.78 per share. An amount that will already experience a big change in the first hour, reaching a price of $384.00 per share before the signing of Mercedes driver. An increase that will surely increase once Hamilton’s arrival at Ferrari and Sainz’s departure in 2025 are made official.
According to ‘Motorsport’, this increase translates for Ferrari to an estimated market capitalization of 69.12 billion dollars; A higher figure compared to the 62.4 billion at which the Italian brand was valued at the close of operations the previous day.
An increase that roughly translates into an increase of nearly seven billion dollars in the value of the Italian company.
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
