Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) Shares Gap Up – Here’s Why

Shares of Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) gapped up prior to trading on Friday . The stock had previously closed at $79.00, but opened at $88.05. Liberty Media Corporation – Liberty Formula One Series B shares last traded at $88.05, with a volume of 100 shares trading hands.

Liberty Media Corporation – Liberty Formula One Series B Stock Up 11.5%

The business’s fifty day moving average price is $82.47 and its 200 day moving average price is $88.14. The firm has a market capitalization of $22.02 billion, a PE ratio of 112.89 and a beta of 0.24.

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) last announced its quarterly earnings data on Thursday, February 26th. The company reported $999.00 earnings per share (EPS) for the quarter. The firm had revenue of $1.61 billion for the quarter.

About Liberty Media Corporation – Liberty Formula One Series B

Liberty Media Corporation’s Liberty Formula One Series B (OTCMKTS: FWONB) is a tracking stock that represents Liberty Media’s economic interest in its Formula One business. The Formula One Group controls the commercial rights to the FIA Formula One World Championship, packaging and selling global media rights, sponsorships, event-hosting agreements, licensing and hospitality to maximize revenue from the sport. The tracking stock structure allows investors to gain exposure specifically to Liberty’s Formula 1 assets and cash flows while remaining part of the broader Liberty Media corporate structure.

Formula 1 is a global motorsport and entertainment property that stages a world championship calendar of races across Europe, the Americas, Asia and the Middle East.