Ferrari's CEO likes to run the luxury car company like a tech startup [Business Insider]
STMicroelectronics N.V. (STM)
Last stmicroelectronics n.v. earnings: 4/22 01:00 am
Check Earnings Report
US:NYSE Investor Relations:
investors.st.com
Company Research
Source: Business Insider
His background is in tech, with previous experience as an executive at a semiconductor company. Vigna likes the nimbleness of tech startups and removed layers of bureaucracy at Ferrari, per WSJ. Ferrari's CEO would prefer if the company moved fast like its cars. Since he assumed his chief executive role in 2021, Benedetto Vigna introduced changes to Ferrari so the more than 80-year-old company could move with the speed of a tech startup as it ventured into the competitive space of electric vehicles To do so, Vigna stripped away layers of bureaucracy, creating a flatter hierarchy inside the company, The Wall Street Journal reported — a move other CEOs have been exploring to improve a company's performance or ability to innovate. Previously, there were six levels of employees between the CEO and test drivers, for example. Now, there are three. "When the environmental condition is changing at high speed, you need to have a team that is able to adapt at high speed," Vigna tol
Show less
Read more
Impact Snapshot
Event Time:
STM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
STM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
STM alerts
High impacting STMicroelectronics N.V. news events
Weekly update
A roundup of the hottest topics
STM
News
- Silicon Carbide Market Size to Worth USD 11.29 Billion by 2033 [Yahoo! Finance]Yahoo! Finance
- Power Management Integrated Circuit Market is Poised to Reach USD 54.69 Billion By 2032: Astute Analytica [Yahoo! Finance]Yahoo! Finance
- Global Silicon Carbide Market Analysis and Outlook 2024-2029: Growing Deployment of SiC Devices in EVs Driving the Market [Yahoo! Finance]Yahoo! Finance
- STMicroelectronics Announces Status of Common Share Repurchase ProgramGlobeNewswire
- STMicroelectronics (NYSE: STM) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
STM
Earnings
- 4/25/24 - Miss
STM
Sec Filings
- 5/3/24 - Form 6-K
- 4/29/24 - Form 6-K
- 4/25/24 - Form 6-K
- STM's page on the SEC website