The market has been high on Liberty Media Formula One Series C (FWONK) stock recently. FWONK gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Liberty Media Formula One Series C has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FWONK!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With FWONK Stock Today?
Liberty Media Formula One Series C (FWONK) stock is trading at $62.59 as of 1:18 PM on Tuesday, Oct 4, an increase of $1.34, or 2.19% from the previous closing price of $61.25. The stock has traded between $61.71 and $63.20 so far today. Volume today is light. So far 556,218 shares have traded compared to average volume of 986,486 shares.
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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, which purchased the firm in January 2017. Formula One stock is a tracking stock for the assets under Formula One Group with Liberty Media.
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