Renee Wilm Sells Shares of Formula One Group $FWONK
Key Points
- Renee Wilm sold 11,597 shares of Formula One Group ($FWONK) worth $1.04 million.
- $FWONK last traded around $90.04.
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Renee Wilm, Chief Legal/Admin Officer at Formula One Group ($FWONK), sold 11,597 shares at an average price of $90.09, for a total transaction of $1.04 million. The trade was disclosed in a Form 4 filing with the Securities and Exchange Commission.
Formula One Group Stock Down 11.6%
Shares of Formula One Group ($FWONK) traded around $90.04 on Tuesday, down 11.6% for the day.
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About Formula One Group
Formula One Group, together with its subsidiaries, engages in the motorsports business in the United States, the United Kingdom, Spain, and internationally. The company holds commercial rights for the Fédération Internationale de l'Automobile (FIA) Formula One World Championship, an annual nine-month long motor race-based competition in which teams compete for the Constructors' championship and drivers compete for the Drivers' championship. It is also involved in filming, television production and post-production, and digital and social media activities; provision of freight, logistical, and travel related services, as well as technical support at Formula 1 events; production of the international television feed; and operation of the Formula 1 Paddock Club hospitality program, F2 and F3 race series, and F1 Academy. The company was founded in 1950 and is headquartered in Englewood, Colorado. Formula One Group operates as a subsidiary of Liberty Media Corporation.
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