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Falcon's Beyond Global (NASDAQ:FBYD) Trading 3.6% Higher - Here's Why

Falcon's Beyond Global logo with Multi-Sector Conglomerates background

Shares of Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) rose 3.6% during mid-day trading on Monday . The company traded as high as $8.74 and last traded at $8.71. Approximately 4,464 shares were traded during trading, a decline of 84% from the average daily volume of 27,306 shares. The stock had previously closed at $8.41.

Falcon's Beyond Global Price Performance

The company has a 50 day moving average price of $7.26 and a 200 day moving average price of $7.66.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The company reported ($0.42) EPS for the quarter. The business had revenue of $1.36 million during the quarter.

Institutional Trading of Falcon's Beyond Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in shares of 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 buying an additional 9,499 shares during the last quarter. Northern Trust Corp acquired a new stake in shares of Falcon's Beyond Global in the 4th quarter worth about $89,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in 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 valued at $135,000 after acquiring an additional 2,806 shares in the last quarter. Institutional investors own 38.88% of the company's stock.

About Falcon's Beyond Global

(Get Free Report)

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.

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