scorecardFerrari's earliest investors are losing money
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Ferrari's earliest investors are losing money

Ferrari's earliest investors are losing money
Stock Market1 min read

Ferrari shares slipped below their initial public offering price on Tuesday.

The stock had been priced at $52, the higher end of expectations, ahead of its first day of trading last Wednesday.

In trading Tuesday, it fell by as much as 7% to around $51.41 per share.

And so, investors who bought early are back where they started on paper.

The stock opened at $60 per share at its IPO last Wednesday and rallied 15% on the first day.

On Monday, Ferrari announced that it was closing the initial public offering of about 19 million common shares.

Here's a chart showing how its traded so far:

Screen Shot 2015 10 27 at 12.17.41 PM

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