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

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $81.40, but opened at $73.00. Liberty Media Corporation – Liberty Formula One Series B shares last traded at $77.00, with a volume of 339 shares changing hands.

Liberty Media Corporation – Liberty Formula One Series B Stock Performance

The business’s 50 day moving average is $81.23 and its 200-day moving average is $87.57. The stock has a market cap of $19.25 billion, a price-to-earnings ratio of 35.00 and a beta of 0.23.

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