Falcon's Beyond Global (NASDAQ:FBYD) Shares Gap Down - Time to Sell?

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $8.30, but opened at $8.11. Falcon's Beyond Global shares last traded at $8.11, with a volume of 1,784 shares changing hands.

Falcon's Beyond Global Price Performance

The business's 50-day simple moving average is $6.86 and its 200 day simple moving average is $7.62.

Institutional Trading of Falcon's Beyond Global

Several large investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its position in Falcon's Beyond Global by 22.8% in 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 last quarter. Northern Trust Corp purchased a new stake in shares of Falcon's Beyond Global during the 4th quarter valued at about $89,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake 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. Institutional investors own 38.88% of the company's stock.

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.