Streetbeat News

FWONK

Formula One Group

https://www.libertymedia.com/companies/formula-one-group.html

Industry

Entertainment

Formula One Group engages in the motorsports business in the United States and internationally. It holds commercial rights for the 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. The company was founded in 1950 and is based in Englewood, Colorado. Formula One Group is a subsidiary of Liberty Media Corporation.

Open

86.48

Mkt cap

27B

Volume

423K

High

87.63

P/E Ratio

-669.31

52-wk high

102.33

Low

86.25

Div yield

N/A

52-wk low

64.37

Liberty Formula One Gr (NYSE:FWONK) has seen a 15.79% increase in its short percent of float, now at 2.42% of available shares. This indicates a rise in bearish sentiment, although it remains below the peer group average of 6.76%.

Portfolio Pulse from Benzinga Insights

August 26, 2024 | 1:45 pm

Liberty Media shareholders have approved a redemptive split-off of Liberty SiriusXM Holdings. The new Sirius will merge with Sirius XM Holdings to form a new public company under the Sirius XM name.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 6:48 pm

Liberty Media Corporation has announced the pricing of its public offering of 10.65 million shares of Series C Liberty Formula One Common Stock (FWONK) at $77.50 per share, aiming to raise $825.375 million. The proceeds will partially fund the acquisition of Dorna Sports, S.L., and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 12:18 pm

Liberty Media's stock is declining following the announcement of a public offering of 10.65 million shares of Series C common stock.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 8:26 pm

Liberty Media Corporation announced a public offering of 10.65 million shares of Series C Liberty Formula One Common Stock (FWONK) to partially fund the MotoGP acquisition and for general corporate purposes. An option for underwriters to purchase an additional 1.6 million shares is also expected.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 8:24 pm

Berkshire Hathaway's Q2 2024 13F filing reveals significant increases in positions in Occidental Petroleum, Liberty Media Corp, Chubb Limited, and Sirius XM. The company added 7.26 million shares of Occidental Petroleum, 4.52 million and 2.43 million shares of Liberty Media Corp, 1.11 million shares of Chubb Limited, and 96.20 million shares of Sirius XM.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 8:13 pm

Morgan Stanley analyst Benjamin Swinburne maintains an Equal-Weight rating on Liberty Formula One Group (NASDAQ:FWONK) and lowers the price target from $83 to $80.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 11:20 am

Liberty Media shares are trading lower following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:03 pm

Liberty Global is set to acquire Warner Bros. Discovery's shares in Formula E, resulting in a 65% stake and controlling interest in the electric car racing series.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 1:17 pm

Evercore ISI Group has maintained an Outperform rating on Liberty Formula One Group (NASDAQ:FWONK) and raised the price target from $85 to $90.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 12:46 pm

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