Falcon's Beyond Global (NASDAQ:FBYD) Shares Down 11.5% - Should You Sell?

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s share price dropped 11.5% during mid-day trading on Monday . The company traded as low as $7.53 and last traded at $6.86. Approximately 230 shares changed hands during trading, a decline of 98% from the average daily volume of 15,084 shares. The stock had previously closed at $7.75.

Falcon's Beyond Global Price Performance

The company has a market cap of $1.01 billion, a price-to-earnings ratio of 5.51 and a beta of -2.51. The firm has a fifty day simple moving average of $7.83 and a 200 day simple moving average of $7.65.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last announced its earnings results on Thursday, April 3rd. The company reported ($0.42) EPS for the quarter. The company had revenue of $1.36 million for the quarter.

Hedge Funds Weigh In On Falcon's Beyond Global

Large investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of Falcon's Beyond Global by 20.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company's stock valued at $135,000 after acquiring an additional 2,806 shares during the period. Northern Trust Corp bought a new position in shares of Falcon's Beyond Global during the 4th quarter worth about $89,000. Finally, Geode Capital Management LLC increased its stake in 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 acquiring an additional 9,499 shares during the period. Institutional investors and hedge funds own 38.88% of the company's stock.

Falcon's Beyond Global Company Profile

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.