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

Falcon's Beyond Global logo with Multi-Sector Conglomerates background

Shares of Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $7.63, but opened at $7.40. Falcon's Beyond Global shares last traded at $7.36, with a volume of 1,452 shares trading hands.

Falcon's Beyond Global Stock Performance

The company has a market capitalization of $897.23 million, a P/E ratio of 72.99 and a beta of -1.77. The stock's 50 day moving average price is $6.37 and its 200 day moving average price is $6.89.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last released its quarterly earnings data 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

Several large investors have recently added to or reduced their stakes in FBYD. Wealth Enhancement Advisory Services LLC increased its position in shares of Falcon's Beyond Global by 147.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,657 shares of the company's stock valued at $363,000 after purchasing an additional 24,816 shares during the last quarter. Northern Trust Corp bought a new position in shares of Falcon's Beyond Global in the 4th quarter worth approximately $89,000. Geode Capital Management LLC boosted its holdings in shares of Falcon's Beyond Global by 22.8% during the 4th 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 in the last quarter. HighTower Advisors LLC purchased a new position in shares of Falcon's Beyond Global during the first quarter valued at approximately $124,000. Finally, AllGen Financial Advisors Inc. purchased a new stake in shares of Falcon's Beyond Global in the first quarter worth $209,000. Institutional investors own 38.88% of the company's stock.

Falcon's Beyond Global Company Profile

(Get Free Report)

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.

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