Free Trial

Liberty Media Corporation - Liberty Formula One Series B (OTCMKTS:FWONB) Trading Up 4.4% - Here's Why

Liberty Media Corporation - Liberty Formula One Series B logo with Consumer Discretionary background

Key Points

  • Liberty Media Corporation - Liberty Formula One Series B (OTCMKTS:FWONB) saw its share price increase by 4.4%, reaching $94.00 during trading on Tuesday, with a significant rise in trading volume.
  • The company reported a quarterly earnings result of $1.52 EPS and $1.20 billion in revenue on August 7th.
  • Liberty Media engages in the motorsports business, holding commercial rights for the FIA Formula One world championship, which spans approximately nine months of racing competition.
  • Five stocks to consider instead of Liberty Media Corporation - Liberty Formula One Series B.

Liberty Media Corporation - Liberty Formula One Series B (OTCMKTS:FWONB - Get Free Report)'s share price rose 4.4% on Tuesday . The company traded as high as $94.00 and last traded at $94.00. Approximately 100 shares traded hands during mid-day trading, an increase of 590% from the average daily volume of 15 shares. The stock had previously closed at $90.00.

Liberty Media Corporation - Liberty Formula One Series B Trading Up 4.4%

The business's fifty day simple moving average is $92.68 and its 200-day simple moving average is $85.99. The firm has a market cap of $23.45 billion, a P/E ratio of 92.16 and a beta of 0.35.

Liberty Media Corporation - Liberty Formula One Series B (OTCMKTS:FWONB - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.52 EPS for the quarter. The company had revenue of $1.20 billion during the quarter.

About Liberty Media Corporation - Liberty Formula One Series B

(Get Free Report)

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Liberty Media Corporation - Liberty Formula One Series B Right Now?

Before you consider Liberty Media Corporation - Liberty Formula One Series B, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Liberty Media Corporation - Liberty Formula One Series B wasn't on the list.

While Liberty Media Corporation - Liberty Formula One Series B currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.