Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Down – What’s Next?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYDGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $6.70, but opened at $6.54. Falcon’s Beyond Global shares last traded at $6.62, with a volume of 369 shares changing hands.

Falcon’s Beyond Global Stock Down 1.2%

The company has a market capitalization of $800.50 million, a price-to-earnings ratio of 66.20 and a beta of -1.65. The company has a 50 day simple moving average of $7.34 and a 200 day simple moving average of $7.40.

Falcon’s Beyond Global (NASDAQ:FBYDGet Free Report) last issued its earnings results on Thursday, May 15th. The company reported ($0.13) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Falcon’s Beyond Global

Institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC acquired a new position in shares of Falcon’s Beyond Global during the 1st quarter valued at $124,000. AllGen Financial Advisors Inc. purchased a new position in Falcon’s Beyond Global in the first quarter valued at about $209,000. Cassaday & Co Wealth Management LLC purchased a new position in Falcon’s Beyond Global in the first quarter valued at about $90,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Falcon’s Beyond Global by 147.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,657 shares of the company’s stock worth $363,000 after purchasing an additional 24,816 shares in the last quarter. Finally, Northern Trust Corp purchased a new stake in shares of Falcon’s Beyond Global in the fourth quarter worth about $89,000. 38.88% of the stock is currently owned by hedge funds and other institutional investors.

About Falcon’s Beyond Global

(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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