Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Down – Should You Sell?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price gapped down prior to trading on Monday . The stock had previously closed at $7.15, but opened at $7.00. Falcon’s Beyond Global shares last traded at $7.19, with a volume of 997 shares traded.

Falcon’s Beyond Global Stock Performance

The stock has a 50-day moving average of $8.05 and a two-hundred day moving average of $7.63. The company has a market cap of $854.31 million, a P/E ratio of 4.68 and a beta of -2.51.

Falcon’s Beyond Global (NASDAQ:FBYD) last announced its quarterly earnings data on Thursday, April 3rd. The company reported ($0.42) EPS for the quarter. The company had revenue of $1.36 million for the quarter.

Institutional Investors Weigh In On Falcon’s Beyond Global

Several institutional investors and hedge funds have recently made changes to their positions in FBYD. Northern Trust Corp bought a new position in Falcon’s Beyond Global in the 4th quarter valued at approximately $89,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Falcon’s Beyond Global by 20.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company’s stock valued at $135,000 after purchasing an additional 2,806 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Falcon’s Beyond Global by 22.8% during 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 last quarter. Institutional investors own 38.88% of the company’s stock.

About Falcon’s Beyond Global

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.