EXOR Shares Plunge 10.6% Over the Week Following Ferrari's Downturn

Significant Weekly Drop

The stock of the Dutch family holding closed the week at €77.15, marking a decline of 10.6% from the previous Monday's €87.25. This downturn greatly exceeded the declines seen in the Parisian market, with the CAC 40 and SBF 120 losing 1.72% and 1.75% respectively over the same period. The correction particularly accelerated on Wednesday, October 9, when the stock fell 8.68% to close at €78.95, accompanied by an exceptionally high trading volume of 1.34 million shares, more than ten times the average of previous sessions. Over a broader period, the stock now shows a decline of 20.3% over twelve months and 12.87% since the beginning of the year, reflecting a bearish momentum that has been established for several quarters.

Sharp Decline Coincides with Ferrari's Collapse

This sharp deterioration directly coincides with the collapse of Ferrari on the Milan Stock Exchange, which occurred on the same day, October 9. The automaker, which represents EXOR's main holding at about 19.5% of the capital, lost up to 16% after unveiling financial targets deemed disappointing for 2030 during its investor day. The presentation of its first electric car, named Elettrica, was not enough to reassure the markets against the backdrop of lowered growth forecasts. This strong correlation between the two stocks highlights the sensitivity of the holding's portfolio to the performance of its most valued asset, even though EXOR also holds stakes in Stellantis, CNH Industrial, and Philips.