Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) Sets New 52-Week High – Here’s Why

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday. The stock traded as high as $106.50 and last traded at $106.50, with a volume of 138 shares traded. The stock had previously closed at $104.24.

Liberty Media Corporation – Liberty Formula One Series B Stock Performance

The firm has a market cap of $26.68 billion, a price-to-earnings ratio of 122.41 and a beta of 0.26. The business’s 50 day moving average price is $87.95 and its 200 day moving average price is $83.65.

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB – Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.43 EPS for the quarter.

About Liberty Media Corporation – Liberty Formula One Series B

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Liberty Formula One Series B is a tracking stock of Liberty Media Corporation. It is intended to reflect the performance of Liberty Media’s Formula One Group rather than represent shares in a separate operating company. The group’s principal businesses include Formula 1, which promotes the FIA Formula One World Championship and manages its commercial rights, including media, sponsorship, race promotion, licensing and hospitality activities. Liberty Media acquired Formula 1 in 2017. The championship serves a global audience, with races and commercial partnerships spanning multiple regions.

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