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)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $82.00, but opened at $87.50. Liberty Media Corporation – Liberty Formula One Series B shares last traded at $87.50, with a volume of 100 shares.

Liberty Media Corporation – Liberty Formula One Series B Stock Performance

The business’s 50-day simple moving average is $87.50 and its two-hundred day simple moving average is $82.97. The company has a market capitalization of $21.92 billion, a PE ratio of 128.68 and a beta of 0.35.

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) last announced its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter.

Liberty Media Corporation – Liberty Formula One Series B Company Profile

Liberty Media Corporation’s Liberty Formula One Group represents the company’s ownership interest in Formula 1, the global motorsport championship. Through Formula 1, the group manages and commercializes the series’ commercial rights, including race promotion, media and broadcasting rights, sponsorships, licensing, and digital and hospitality activities.

Formula 1 organizes a worldwide racing calendar featuring events across Europe, the Americas, Asia, the Middle East, and Australia. Its business serves international audiences, race promoters, broadcasters, sponsors, teams, and motorsport fans through live events, media programming, branded merchandise, digital content, and related experiences.

Liberty Media acquired control of Formula 1 in 2017 from funds managed by CVC Capital Partners.