Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) Sees Strong Trading Volume – Here’s What Happened

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) saw strong trading volume on Monday. Approximately 477 shares changed hands during mid-day trading, an increase of 111% from the average daily volume of 226 shares. The stock last traded at $106.12 and had previously closed at $104.99.

Liberty Media Corporation – Liberty Formula One Series B Price Performance

The stock has a market cap of $26.07 billion, a price-to-earnings ratio of 119.63 and a beta of 0.26. The company’s 50 day moving average is $87.33 and its 200 day moving average is $83.41.

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) last issued its earnings results on Thursday, November 5th. The company reported $0.43 earnings per share for the quarter.

Liberty Media Corporation – Liberty Formula One Series B Company Profile

Liberty Formula One Series B is a tracking stock of Liberty Media Corporation. It is intended to reflect the performance of Liberty Media’s Formula One Group rather than represent shares in a separate operating company. The group’s principal businesses include Formula 1, which promotes the FIA Formula One World Championship and manages its commercial rights, including media, sponsorship, race promotion, licensing and hospitality activities.

Liberty Media acquired Formula 1 in 2017. The championship serves a global audience, with races and commercial partnerships spanning multiple regions.