Falcon’s Beyond Stock Drops After Nasdaq Preferred Listing Raises Cash Questions
Falcon’s Beyond Global Inc. shares dropped after hours Wednesday, retracing some earlier swings as traders looked at a new preferred-stock listing against the company’s thin cash levels. FBYD slipped 60 cents to $14.73, with shares trading from $17.33 to $14.57. About 62,100 shares changed hands, according to market data.