Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Down to $10.74

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $10.74, but opened at $10.35. Falcon’s Beyond Global shares last traded at $10.36, with a volume of 660 shares traded.

Falcon’s Beyond Global Stock Performance

The stock’s 50 day moving average is $10.61 and its two-hundred day moving average is $10.31.

Falcon’s Beyond Global (NASDAQ:FBYD) last released its quarterly earnings data on Thursday, May 16th. The company reported $1.53 earnings per share (EPS) for the quarter. The business had revenue of $1.52 million for the quarter.

Hedge Funds Weigh In On Falcon’s Beyond Global

A hedge fund recently bought a new stake in Falcon’s Beyond Global stock. Wolverine Asset Management LLC acquired a new stake in Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,016 shares of the company’s stock, valued at approximately $49,000. Institutional investors own 38.88% of the company’s stock.

Falcon’s Beyond Global Company Profile

Falcon's Beyond Global, Inc operates as an entertainment company in the United States, Saudi Arabia, Caribbean, Hong Kong, and internationally. The company creates master plans; designs attractions and experiential entertainment; and produces content, interactives, and software, as well as engages in media and audio production, project management, experiential technologies, and attraction hardware development, procurement, and sales.