Liberty Media Corporation - Liberty Formula One Series B (OTCMKTS:FWONB) Trading Up 0% - Time to Buy?

Key Points

• The stock was flat at $77.02 in mid-day trading, with a tiny but large-percent volume spike of 182 shares (up 958% vs. an average of 17), highlighting very low liquidity.
• Shares trade below the 50-day ($79.10) and 200-day ($85.20) simple moving averages; the company has a $19.29B market cap, a P/E of 35.01, and a low beta of 0.30.
• FWONB is a Liberty tracking stock that provides exposure to the Formula One Group’s commercial rights and cash flows; the latest quarter showed revenue of $1.61B and an anomalous reported EPS of $999.00.

Liberty Media Corporation - Liberty Formula One Series B (OTCMKTS:FWONB - Get Free Report)'s share price was up 0% during mid-day trading on Thursday . The stock traded as high as $77.02 and last traded at $77.02. Approximately 182 shares changed hands during mid-day trading, an increase of 958% from the average daily volume of 17 shares. The stock had previously closed at $77.00.

Liberty Media Corporation - Liberty Formula One Series B Trading Up 0.0%

The company's fifty day simple moving average is $79.10 and its 200-day simple moving average is $85.20. The stock has a market cap of $19.29 billion, a P/E ratio of 35.01 and a beta of 0.30.

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

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