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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting luxury market sensitivity to new product launches, Ferrari stock promptly sold off 6% following the unveiling of the new Luce model. According to reports, this decline occurred despite the company's continued success in the clean energy transition, as Ferrari currently derives approximately half of its annual sales from hybrid vehicles. Analysts suggest the sell-off may be a technical reaction rather than a shift in the company's fundamental strength.
This price action comes as luxury automakers face mixed sector dynamics, with competitor Lamborghini reporting record operating profits in its most recent quarterly filing. Historically, Ferrari has maintained industry-leading margins supported by extensive order backlogs, which aligns with market data showing the luxury segment's resilience compared to the broader automotive market.
At the close of July 2, 2026, RACE stock stood at $384.97, having traded between a high of $385.49 and a low of $376.97 per market data. Investors are now watching support levels near $377, while keeping an eye on upcoming macroeconomic catalysts such as the Chinese Manufacturing PMI data, which often serves as a proxy for global luxury demand.