On June 18, Ferrari fell 3.03% in regular trading, trading at 355.315 USD/share, with turnover of $153 million. The decline follows a sharp rally of over 5% on June 15 after Morgan Stanley raised its target price from $388 to $438, with short-term profit-taking pressure now materializing.

On the news front, while Morgan Stanley argued that recent selling overly interpreted temporary concerns as permanent brand damage, and UBS noted that the pure-electric Luce model is more likely a product line extension rather than a fundamental brand repositioning, market participants remain divided on several issues. These include the reasonableness of Luce's 550,000-euro pricing, Ferrari's three consecutive years of declining sales in China, and uncertainty around its autonomous driving technology roadmap.

Within the Automobile Manufacturers sector, broader weakness is evident. Among major stocks, Tesla down 1.65%, Ford down 2.22%, General Motors down 2.98%, Stellantis down 0.95%, while Rivian Automotive up 3.77%.

(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.)