{"id":477350,"date":"2024-02-01T14:29:03","date_gmt":"2024-02-01T18:29:03","guid":{"rendered":"https:\/\/7sport.net\/en\/?post_type=news&#038;p=477350"},"modified":"2024-02-01T13:32:59","modified_gmt":"2024-02-01T17:32:59","slug":"hamiltons-move-to-ferrari-with-an-impact-on-new-york-stock-exchange","status":"publish","type":"news","link":"https:\/\/7sport.net\/en\/news\/hamiltons-move-to-ferrari-with-an-impact-on-new-york-stock-exchange\/","title":{"rendered":"Hamilton&#8217;s move to Ferrari with an impact on New York Stock Exchange"},"content":{"rendered":"<p>Following the announcement of Lewis Hamilton&#8217;s move to Ferrari in Formula 1, the company&#8217;s stock price experienced a remarkable surge, reaching a new record high of over 10% on the New York Stock Exchange on Thursday.<\/p>\n<p>Despite the absence of official statements from both Ferrari and Mercedes regarding Hamilton&#8217;s move, the impact on Ferrari&#8217;s company value was immediately evident as the New York Stock Exchange opened for trading. The surge in Ferrari&#8217;s share price was notably influenced by positive statements about the company&#8217;s revenue and core earnings, projecting an anticipated growth to $2.64 billion in earnings before EBITDA for the current year, supported by a robust order book.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The 7th most marketable athlete in the world Lewis <a href=\"https:\/\/twitter.com\/hashtag\/Hamilton?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Hamilton<\/a> is joining <a href=\"https:\/\/twitter.com\/hashtag\/Ferrari?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Ferrari<\/a> by the end of the year<\/p>\n<p>Not only he highly contributed to <a href=\"https:\/\/twitter.com\/hashtag\/Mercedes?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Mercedes<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/F1?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#F1<\/a> Team growth $400M\u27a1\ufe0f$2.7Bn, but Ferrari stocks have surged by +9% since this morning \ud83d\udcca<\/p>\n<p>The <a href=\"https:\/\/twitter.com\/hashtag\/SportBusiness?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#SportBusiness<\/a> move of the year! <a href=\"https:\/\/t.co\/XIYfvDk2KZ\" target=\"_blank\">pic.twitter.com\/XIYfvDk2KZ<\/a><\/p>\n<p>\u2014 Mathieu Sauvajot (@MatS_2707) <a href=\"https:\/\/twitter.com\/MatS_2707\/status\/1753105232945692934?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">February 1, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Closing Wednesday&#8217;s trading at $346.78 per share, Ferrari&#8217;s stock price surged to a peak of $384.00 soon after the market opened on Thursday. Further increases are expected throughout the day, contributing to Ferrari&#8217;s estimated market capitalization of $69.12 billion. This substantial increase reflects a significant uptick from its $62.4 billion valuation at the close of trading on the previous Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following the announcement of Lewis Hamilton&#8217;s move to Ferrari in Formula 1, the company&#8217;s stock price experienced a remarkable surge, reaching a new [&hellip;]<\/p>\n","protected":false},"author":137,"featured_media":477351,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false},"tags":[16968,17680,17139],"news_category":[16921],"gn_keywords":[17744,17916,1081],"acf":{"announce":"The Italian company's stock pricesurged to a peak of $384","video":[]},"rank_math_focus_keyword":"","rank_math_description":"","rank_math_title":"","rank_math_robots":"","rank_math_canonical_url":"","rank_math_facebook_title":"","rank_math_facebook_description":"","rank_math_facebook_image":"","rank_math_twitter_title":"","rank_math_twitter_description":"","rank_math_twitter_image":"","rank_math_snippet_shortcode":"","rank_math_primary_category":"","rankmath_seo":{"focus_keyword":"","description":"","title":"","canonical_url":"","robots":"","facebook":{"title":"","description":"","image":""},"twitter":{"title":"","description":"","image":""}},"_links":{"self":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news\/477350"}],"collection":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/users\/137"}],"replies":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/comments?post=477350"}],"version-history":[{"count":1,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news\/477350\/revisions"}],"predecessor-version":[{"id":477352,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news\/477350\/revisions\/477352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/media\/477351"}],"wp:attachment":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/media?parent=477350"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/tags?post=477350"},{"taxonomy":"news_category","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news_category?post=477350"},{"taxonomy":"gn_keywords","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/gn_keywords?post=477350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}