Funko Shares Fall as Attention Turns to $70 Million Turnaround Goal
Funko Inc. dropped in Tuesday trading, down 2.3% at $5.46 on Nasdaq. The pullback came as investors looked for evidence that the collectibles maker’s recent bounce could last. Market cap for Funko was around $303 million. Why it’s in focus now: there’s no new company announcement behind the move. Funko’s latest post on its investor-relations page is still the May 7 Q1 earnings release, so the shares are moving with the tape, sentiment, and investors’ read on Funko’s profit turnaround, still in early days.