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

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $83.96, but opened at $87.50. Liberty Media Corporation – Liberty Formula One Series B shares last traded at $87.50, with a volume of 500 shares trading hands.

Liberty Media Corporation – Liberty Formula One Series B Stock Up 4.2%

The stock has a fifty day simple moving average of $88.99 and a 200-day simple moving average of $90.61. The company has a market capitalization of $21.88 billion, a P/E ratio of 112.18 and a beta of 0.28.

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.