Ferrari stock price set for $340 dip before rebound, technicals show

Core Viewpoint - Ferrari's stock price has experienced a significant decline over the year, dropping from a peak of $516 in July to the current price of $375, resulting in a reduction of its market capitalization from a year-to-date high of $136 billion [1] Group 1 - The stock price decline represents a substantial loss in value for investors, indicating potential challenges for the company in maintaining investor confidence [1] - The market capitalization decrease reflects broader market trends and investor sentiment towards luxury automotive brands [1]