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

84.00

Mkt cap

26B

Volume

1.4M

High

84.35

P/E Ratio

70.97

52-wk high

86.66

Low

81.55

Div yield

N/A

52-wk low

61.23

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

Liberty Media's shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:06 pm

Globant and Formula 1 have announced a multi-year partnership until 2026 to enhance digital experiences for F1 teams and fans. Globant will focus on improving the pit wall system and the fan experience mobile app. This partnership marks Globant as an Official Partner of Formula 1, leveraging its global presence and technology expertise to innovate F1's IT systems and products.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:36 pm

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