Is it Time to Dump Liberty Media Formula One Series C (FWONK) Stock After it Is Down 12.30% in a Week?

Tuesday, May 10, 2022 11:36 AM | InvestorsObserver Analysts

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Is it Time to Dump Liberty Media Formula One Series C (FWONK) Stock After it Is Down 12.30% in a Week?

Liberty Media Formula One Series C (FWONK) stock is lower by 12.30% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Liberty Media Formula One Series C has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on FWONK!

See Full FWONK Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With FWONK Stock Today?

Liberty Media Formula One Series C (FWONK) stock is trading at $54.96 as of 11:34 AM on Tuesday, May 10, a drop of -$0.63, or -1.13% from the previous closing price of $55.59. The stock has traded between $54.31 and $57.25 so far today. Volume today is light. So far 673,385 shares have traded compared to average volume of 1,141,887 shares. To see InvestorsObserver's Sentiment Score for Liberty Media Formula One Series C click here.

More About Liberty Media Formula One Series C

Liberty Formula One Group controls the exclusive commercial and promotional rights to the FIA Formula One World Championship series, and the monetization of those rights is the primary business of the group. The firm is responsible for development and promotion of the Formula One race series in concert with its three partners: the FIA (the regulatory body), the teams that participate in the series, and the series' commercial partners, which include the race promoters, broadcasters, sponsors, and advertisers. Formula One Group is a subsidiary of Liberty Media Corporation, which purchased the firm in January 2017. Formula One stock is a tracking stock for the assets under Formula One Group with Liberty Media. Click Here to get the full Stock Report for Liberty Media Formula One Series C stock.