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

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB)’s share price gapped up before the market opened on Monday . The stock had previously closed at $82.00, but opened at $90.00. Liberty Media Corporation – Liberty Formula One Series B shares last traded at $90.00, with a volume of 100 shares.

Liberty Media Corporation – Liberty Formula One Series B Stock Performance

The company has a fifty day moving average price of $82.32 and a two-hundred day moving average price of $80.76. The company has a market cap of $22.54 billion, a P/E ratio of 41.28 and a beta of 0.34.

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) last released its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter.

Liberty Media Corporation – Liberty Formula One Series B Company Profile

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.