Falcon’s Beyond Global (NASDAQ:FBYD) Shares Down 4.9% – Here’s What Happened

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

Falcon’s Beyond Global Stock Down 0.6 %

The firm’s 50 day moving average is $6.92 and its 200-day moving average is $7.62.

Hedge Funds Weigh In On Falcon’s Beyond Global

Several institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in shares of Falcon’s Beyond Global by 22.8% during the 4th quarter. Geode Capital Management LLC now owns 51,084 shares of the company’s stock valued at $397,000 after acquiring an additional 9,499 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted 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 worth $135,000 after purchasing an additional 2,806 shares during the period. Finally, Northern Trust Corp acquired a new position in Falcon’s Beyond Global during the fourth quarter valued at approximately $89,000. 38.88% of the stock is currently owned by institutional investors.

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.