Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) Shares Down 7.9% – Here’s Why

Shares of Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) dropped 7.9% during mid-day trading on Tuesday . The company traded as low as $75.01 and last traded at $75.01. Approximately 100 shares were traded during trading, a decline of 28% from the average daily volume of 138 shares. The stock had previously closed at $81.40.

Liberty Media Corporation – Liberty Formula One Series B Stock Down 7.9%

The firm has a market cap of $18.76 billion, a price-to-earnings ratio of 34.10 and a beta of 0.23. The business’s fifty day moving average is $82.21 and its two-hundred day moving average is $88.01.

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