Ferrari Stock Code: Everything You Need to Know About RACE
What is the Ferrari Stock Code?
The ferrari stock code is RACE. This ticker symbol is used by Ferrari N.V., the world-renowned Italian luxury sports car manufacturer, for its public listings. Choosing the ticker "RACE" was a strategic branding move, reflecting the company’s deep roots in Formula 1 and high-performance automotive engineering.
Investors looking to track Ferrari's performance in the financial markets must distinguish between its primary listing in the United States and its secondary listing in Europe. While the core symbol remains the same, the exchange suffix may vary depending on the trading platform used.
Primary Listing and Exchange Details
Ferrari N.V. is a dual-listed company, providing liquidity for both international and European investors. As of 2024, here are the primary details for the ferrari stock code:
New York Stock Exchange (NYSE)
The primary listing for Ferrari is on the New York Stock Exchange under the ticker RACE. On this exchange, the stock is traded in US Dollars (USD). It is a popular choice for global retail and institutional investors due to the high trading volume and accessibility of the US markets.
Euronext Milan
Ferrari is also listed on the Euronext Milan (formerly Borsa Italiana) under the ticker RACE.MI. On this exchange, shares are denominated in Euros (EUR). This listing is particularly important for European investors and is a component of the FTSE MIB index, which tracks the 40 most traded stock classes on the Milan exchange.
Official Identification Codes
Beyond the ferrari stock code, professional traders and financial institutions use specific alphanumeric codes to identify the security across different clearing systems:
- ISIN (International Securities Identification Number): NL0011585146
- CUSIP: N3167Y 103
- WKN: A2ASJ9
These codes ensure that the correct asset is being traded, especially when dealing with international brokerage accounts that support multiple global exchanges.
Financial Performance and Investor Appeal
The ferrari stock code is often categorized by analysts as a "luxury goods" stock rather than a traditional "automotive" stock. According to financial reports as of early 2024, Ferrari maintains one of the highest profit margins in the industry, often exceeding 24%.
Unlike mass-market automakers, Ferrari’s valuation is driven by brand scarcity and a loyal customer base. The company’s multi-year share buyback programs and consistent dividend distributions have made RACE a staple for long-term growth portfolios. According to data from official investor relations, Ferrari continues to focus on its electrification strategy, aiming for a significant portion of its lineup to be electric or hybrid by 2030, which remains a key metric for modern ESG investors.
Ownership Structure
Understanding the entities behind the ferrari stock code is vital for assessing long-term stability. The largest shareholders include:
- Exor N.V.: The holding company of the Agnelli family, which maintains a significant voting stake.
- Piero Ferrari: The son of founder Enzo Ferrari, who holds approximately 10% of the share capital.
- Public Shareholders: The remaining shares are traded freely on the NYSE and Euronext Milan.
How to Track and Trade Ferrari
Retail investors can access the ferrari stock code through most major brokerage platforms. For those interested in the intersection of luxury assets and modern finance, tracking the volatility and market cap of companies like Ferrari provides insight into global wealth trends. While Ferrari is a traditional equity, many investors in the digital asset space also look for high-performance "Blue Chip" stocks to diversify their portfolios alongside their holdings on platforms like Bitget.
If you are exploring the world of finance, from traditional stocks to the latest in Web3, Bitget offers a comprehensive ecosystem for learning and trading. Stay updated with market trends and ensure your investment strategy is backed by reliable data and secure platforms.
