Formula One Group (NASDAQ:FWONA - Get Free Report) CAO Brian J. Wendling sold 1,094 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $69.57, for a total transaction of $76,109.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Brian J. Wendling also recently made the following trade(s):
- On Friday, September 20th, Brian J. Wendling sold 10,011 shares of Formula One Group stock. The shares were sold at an average price of $73.80, for a total transaction of $738,811.80.
Formula One Group Price Performance
Shares of FWONA stock traded down $0.70 during midday trading on Friday, hitting $77.45. The company had a trading volume of 50,002 shares, compared to its average volume of 100,905. Formula One Group has a 52-week low of $55.25 and a 52-week high of $79.67. The company's 50 day simple moving average is $73.24 and its 200 day simple moving average is $69.77. The stock has a market cap of $18.20 billion, a price-to-earnings ratio of 67.93 and a beta of 0.05.
Analysts Set New Price Targets
Separately, Benchmark reiterated a "buy" rating and set a $81.00 target price on shares of Formula One Group in a research report on Thursday, November 14th.
Get Our Latest Research Report on FWONA
Institutional Trading of Formula One Group
A hedge fund recently bought a new stake in Formula One Group stock. Lountzis Asset Management LLC acquired a new stake in Formula One Group (NASDAQ:FWONA - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,079 shares of the company's stock, valued at approximately $220,000. Institutional investors and hedge funds own 8.38% of the company's stock.
Formula One Group Company Profile
(
Get Free Report)
Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One 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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Formula One Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Formula One Group wasn't on the list.
While Formula One Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
