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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 Monday . The stock had previously closed at $7.00, but opened at $6.46. Falcon's Beyond Global shares last traded at $6.53, with a volume of 1,118 shares changing hands.

Falcon's Beyond Global Price Performance

The firm's 50 day simple moving average is $7.41 and its two-hundred day simple moving average is $7.41. The firm has a market capitalization of $810.18 million, a P/E ratio of 67.00 and a beta of -2.11.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported ($0.13) EPS for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in 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 acquiring an additional 9,499 shares in the last quarter. Northern Trust Corp purchased a new stake in Falcon's Beyond Global in the fourth quarter worth about $89,000. Wealth Enhancement Advisory Services LLC increased its position in Falcon's Beyond Global by 20.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company's stock valued at $135,000 after buying an additional 2,806 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of Falcon's Beyond Global during the first quarter valued at $90,000. Finally, AllGen Financial Advisors Inc. purchased a new position in Falcon's Beyond Global in the first quarter worth about $209,000. Hedge funds and other 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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