Formula One Group (NASDAQ:FWONA) CAO Sells $76,109.58 in Stock

Posted by Alanna Baker on Nov 25th, 2024

Formula One Group (NASDAQ:FWONA – Get Free Report) CAO Brian J. Wendling sold 1,094 shares of Formula One Group stock in a transaction dated Thursday, November 21st. The stock was 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 can be accessed through this hyperlink.

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 stock was sold at an average price of $73.80, for a total transaction of $738,811.80.

Formula One Group Price Performance

Shares of NASDAQ:FWONA opened at $77.45 on Monday. Formula One Group has a 1-year low of $55.25 and a 1-year high of $79.67. The company has a market capitalization of $18.20 billion, a P/E ratio of 67.35 and a beta of 0.05. The firm’s 50 day simple moving average is $73.39 and its two-hundred day simple moving average is $69.95.

Hedge Funds Weigh In On Formula One Group

A hedge fund recently bought a new stake in Formula One Group stock. Lountzis Asset Management LLC bought a new position in Formula One Group (NASDAQ:FWONA – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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.

Analyst Ratings Changes

Separately, Benchmark restated a “buy” rating and set a $81.00 target price on shares of Formula One Group in a research report on Thursday, November 14th.

Check Out Our Latest Analysis on Formula One Group

About Formula One Group

(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.