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

Shares of Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) gapped down prior to trading on Friday . The stock had previously closed at $88.05, but opened at $81.45. Liberty Media Corporation – Liberty Formula One Series B shares last traded at $81.45, with a volume of 101 shares traded.

Liberty Media Corporation – Liberty Formula One Series B Trading Down 7.5%

The company’s 50-day simple moving average is $82.48 and its 200 day simple moving average is $88.15. The stock has a market cap of $20.37 billion, a P/E ratio of 37.02 and a beta of 0.23.

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) last issued its quarterly earnings results on Thursday, February 26th. The company reported $999.00 EPS for the quarter. The business had revenue of $1.61 billion for the quarter.

About Liberty Media Corporation – Liberty Formula One Series B

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.