Atlanta Braves—bad baseball team, worse stock – CNBC
Trading under the symbol “BATRA,” Liberty Braves shares track John Malone’s conglomerate’s ownership in the team and its stadium development project.
As it happens, the Braves have the worst record in the young 2016 baseball season, at 3-9.
Sports stocks tend to be a rarity. The only other prominent example on U.S. markets is the English powerhouse Manchester United; its shares are nearly 20 percent off their peak this year.