Liberty Media Corporation - Ser (NASDAQ:FWONK) Experiences Heavier than Usual Trading Volume


(NASDAQ:FWONK) shares saw heavy trading volume with 1,339K shares changing hands on Friday. The company had a trading volume of 246,505 shares. Following the transaction, the chairman now directly owns 2,896,672 shares in the company, valued at approximately $95,010,841.60. Shares last traded at $33.19 a tad under $33.58, the 50 day moving average and a tad above the 200 day moving average of $32.54. BlackRock Inc. now owns 6,304,119 shares of the technology company's stock worth $245,359,000 after buying an additional 6,197,849 shares during the last quarter. The firm has a market cap of $10.19 billion, a P/E ratio of 23.62 and a beta of 1.21. If you are reading this report on another website, it was stolen and reposted in violation of United States and worldwide copyright & trademark law. The institutional investor owned 626,384 shares of the company's stock after buying an additional 970 shares during the period.

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Analysts await Liberty Media Corporation (NASDAQ:BATRK) to report earnings on Aug, 09 for the fiscal quarter ending Jun 2017. Creative Planning now owns 3,840 shares of the technology company's stock valued at $160,000 after buying an additional 532 shares during the period. Pivotal Research boosted their price target on Liberty Interactive Corporation from $58.00 to $66.00 and gave the company a "buy" rating in a research report on Thursday, April 6th. Finally, Dimensional Fund Advisors LP increased its stake in shares of Liberty Interactive Corporation by 1.5% in the first quarter. The institutional investor owned 418,653 shares of the technology company's stock after selling 475,418 shares during the period. Liberty Interactive Corporation has a 52-week low of $17.24 and a 52-week high of $26.00. The legal version of this news story can be read at

A number of other equities research analysts also recently issued reports on LVNTA. Finally, Deutsche Bank AG cut their price objective on shares of Liberty Media Corporation from $43.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, May 12th. Barclays PLC initiated coverage on Liberty Media Corporation in a research report on Tuesday, May 23rd. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Volume was up 88.17% over the stocks average daily volume. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The 50 day moving average was down $-0.23 whereas the 200 day moving average was up $0.95 or +2.82%. Baupost Group LLC is the second biggest holder with 2 million shares now valued at 47.16 million whilst Mason Capital Management LLC has 2 million shares valued at 44.29 million. The disclosure for this sale can be found here. The Liberty Media Group, through its subsidiaries, provides entertainment services. Through its subsidiaries and affiliates, the Company operates in North America.