Falcon’s Beyond Global (NASDAQ:FBYD) Shares Down 2.3%

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price was down 2.3% during mid-day trading on Wednesday . The company traded as low as $9.28 and last traded at $9.28. Approximately 309 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 5,958 shares. The stock had previously closed at $9.50.

Falcon’s Beyond Global Price Performance

The stock’s 50 day moving average is $10.13 and its 200-day moving average is $10.65.

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

Hedge Funds Weigh In On Falcon’s Beyond Global

An institutional investor recently bought a new position in Falcon’s Beyond Global stock. Wolverine Asset Management LLC bought a new stake in shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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.