Falcon’s Beyond Global (NASDAQ:FBYD) Trading Down 4.9% – What’s Next?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) traded down 4.9% during trading on Thursday . The company traded as low as $8.54 and last traded at $8.48. 882 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 14,823 shares. The stock had previously closed at $8.92.

Falcon’s Beyond Global Trading Down 1.0 %

The company’s fifty day simple moving average is $6.82 and its two-hundred day simple moving average is $7.62.

Institutional Investors Weigh In On Falcon’s Beyond Global

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised 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 worth $397,000 after purchasing an additional 9,499 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Falcon’s Beyond Global by 20.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company’s stock worth $135,000 after purchasing an additional 2,806 shares during the period. Finally, Northern Trust Corp acquired a new position in shares of Falcon’s Beyond Global in the 4th quarter valued at about $89,000. 38.88% of the stock is owned by institutional investors and hedge funds.

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.