Falcon’s Beyond Global (NASDAQ:FBYD) Trading 4% Higher – Here’s What Happened

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price traded up 4% during trading on Tuesday . The company traded as high as $8.69 and last traded at $8.66. 11,943 shares changed hands during trading, a decline of 19% from the average session volume of 14,754 shares. The stock had previously closed at $8.32.

Falcon’s Beyond Global Price Performance

The business has a fifty day simple moving average of $6.82 and a two-hundred day simple moving average of $7.62.

Hedge Funds Weigh In On Falcon’s Beyond Global

Several institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its position in Falcon’s Beyond Global by 20.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company’s stock valued at $135,000 after buying an additional 2,806 shares during the period. Geode Capital Management LLC lifted its position 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 purchasing an additional 9,499 shares in the last quarter. Finally, Northern Trust Corp purchased a new stake in Falcon’s Beyond Global in the 4th quarter worth approximately $89,000. Institutional investors own 38.88% of the company’s stock.

About Falcon’s Beyond Global

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.