The market has been down on Liberty Media Formula One Series C (FWONK) stock recently. FWONK gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 lower by -2.83% while the S&P 500 has risen 0.74% as of 3:02 PM on Friday, May 7. FWONK is down -$1.29 from the previous closing price of $45.63 on volume of 1,178,162 shares. Over the past year the S&P 500 has gained 48.60% while FWONK has risen 41.80%. FWONK lost -$2.57 per share in the over the last 12 months.
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More About Liberty Media Formula One Series C
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 Score Report on Liberty Media Formula One Series C (FWONK) Stock.
