According to Google search statistics, web queries for Ferrari stock surpassed these for Mercedes for the primary time because the latter’s itemizing on the New York Stock Exchange in 2015.
The analysis by on-line on line casino Bombastic reveals that on-line curiosity in Ferrari stock, Googled on common 15,000 occasions a month, soared to over 28 occasions the typical quantity in comparison with the final 90 days because the Italian staff introduced the British driver’s transfer from their rivals, whom Hamilton had been driving with for 11 years.
Ferrari stock curiosity overtakes Mercedes
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On 1 February 2024, international searches for ‘Ferrari stock’ elevated by greater than 2,700%. At the identical time, searches for ‘Mercedes stock’ elevated by a modest 351%.
According to Google Trends, the announcement might need boosted curiosity in the Italian automaker to all-time highs, greater than seven occasions greater than when Ferrari debuted on the New York Stock Exchange in October 2015.
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In 24 hours, Ferrari (BIT: RACE) surged 12.58% from USD 345.92 on 31 January to USD 389.45 on 1 February.
A brand new chapter
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Hamilton commented on the bulletins: “The time has come for me to start a new chapter in my life, and I will be joining Scuderia Ferrari in 2025. I feel incredibly fortunate after achieving things with Mercedes that I could only have dreamed of as a kid, that I now have the chance to fulfill another childhood dream, driving in Ferrari red.”
Hamilton beforehand insisted that he is not going to go away Mercedes till he retires from F1 driving.
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“Lewis Hamilton’s move to Ferrari is one of the biggest announcements in the sport’s history, making headlines worldwide as he makes the unexpected transfer to Ferrari,” a spokesperson from Bombastic commented on the findings.
“The deal will likely have a ripple effect on the wider sport, particularly with other drivers tied to both teams. The findings offer a fascinating insight into the impact of the sport on companies’ stock prices and the influence that Hamilton has on F1. It will be interesting to see how share prices may change when Hamilton gets behind the wheel of a Ferrari.”
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