On June 22, Ferrari fell 3.04% in pre-market trading, trading at 350.75 USD/share, with turnover of approximately 108,900 USD. The decline represents a continuation of profit-taking pressure following the stock's sharp rally on June 15.

On June 15, Morgan Stanley upgraded Ferrari's rating from Equal Weight to Overweight and raised its target price from 388 USD to 438 USD, citing that the recent selloff had overly interpreted temporary concerns as permanent brand damage. The stock surged over 5% on that session. However, short-term profit-taking pressure subsequently emerged, with shares already retreating over 3% intraday on June 18. The current decline extends that corrective trend.

At the sector level, the Automobile Manufacturers industry is broadly under pressure. Tesla declined 1.26%, NIO fell 1.0%, Rivian dropped 0.83%, and General Motors lost 0.63%, amplifying downward momentum for Ferrari. Meanwhile, market debate persists regarding the pricing rationality of Ferrari's first all-electric model Luce at 550,000 euros and a three-year consecutive decline in China sales, partially offsetting bullish institutional sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)