Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) Shares Gap Up – Still a Buy?

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) shares gapped up before the market opened 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.

Liberty Media Corporation – Liberty Formula One Series B Price Performance

The business’s 50-day simple moving average is $82.47 and its two-hundred day simple moving average is $88.14. The stock has a market capitalization of $22.02 billion, a price-to-earnings ratio of 112.89 and a beta of 0.24.

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) last issued its earnings results on Thursday, February 26th. The company reported $999.00 EPS 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.