On July 27, Ferrari NV rose 3.33% in pre-market trading, trading at $372.01/share, with turnover of $281,400.

On the news front, Ferrari is scheduled to release its latest quarterly earnings on July 30. Market consensus expects revenue of EUR 1.884 billion, representing a 2.53% year-over-year increase, with adjusted EPS of EUR 2.50, up 5.68% year-over-year. UBS noted that Ferrari's second-quarter results are expected to further accelerate and anticipates the company will raise its full-year guidance.

The pre-market rebound follows a 3.1% decline on July 23 caused by systematic sector-wide selling pressure. The current recovery appears to reflect institutional bullish consensus providing support to the stock price. Earlier, Morgan Stanley had upgraded Ferrari from Equal-Weight to Overweight, raising its target price to $438, citing that recent sell-offs had overly interpreted temporary concerns as permanent brand issues and highlighting Ferrari's large ultra-high-net-worth client base and continued global wealth growth as long-term tailwinds.

(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.)