Falcon's Beyond Global (NASDAQ:FBYD) Shares Down 8.3% - Here's What Happened

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s stock price was down 8.3% during trading on Monday . The stock traded as low as $5.75 and last traded at $5.28. Approximately 1,186 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 17,504 shares. The stock had previously closed at $5.75.

Falcon's Beyond Global Price Performance

The firm has a 50-day simple moving average of $6.43 and a 200 day simple moving average of $6.96. The company has a market capitalization of $767.24 million, a PE ratio of 62.41 and a beta of -1.77.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.13) earnings per share for the quarter. Falcon's Beyond Global had a net margin of 18.35% and a negative return on equity of 1.43%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its holdings in shares of Falcon's Beyond Global by 22.8% in the fourth quarter. Geode Capital Management LLC now owns 51,084 shares of the company's stock valued at $397,000 after buying an additional 9,499 shares during the period. Northern Trust Corp bought a new stake in Falcon's Beyond Global during the 4th quarter valued at approximately $89,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Falcon's Beyond Global by 20.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company's stock worth $135,000 after acquiring an additional 2,806 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in shares of Falcon's Beyond Global in the 1st quarter worth approximately $90,000. Finally, AllGen Financial Advisors Inc. acquired a new position in shares of Falcon's Beyond Global in the 1st quarter worth approximately $209,000. 38.88% of the stock is currently owned by institutional investors.

Falcon's Beyond Global Company Profile

Falcon's Beyond Global, Inc is an experiential entertainment development enterprise. It connects the world by bringing stories to life through theme parks, resorts, animation, consumer products, gaming, and movies. The company propels intellectual property activations concurrently across physical and digital experiences through three core business units.