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Falcon's Beyond Global (NASDAQ:FBYD) Trading 4% Higher - Should You Buy?

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

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) shares traded up 4% on Tuesday . The company traded as high as $8.69 and last traded at $8.66. 11,943 shares traded 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 firm has a 50-day moving average of $6.92 and a 200-day moving average of $7.62.

Institutional Investors Weigh In On Falcon's Beyond Global

A number of institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its stake in Falcon's Beyond Global by 22.8% in the 4th 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 during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake 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 worth $135,000 after purchasing an additional 2,806 shares in the last quarter. Finally, Northern Trust Corp purchased a new position in Falcon's Beyond Global in the 4th quarter worth approximately $89,000. 38.88% of the stock is currently owned by institutional investors and hedge funds.

Falcon's Beyond Global Company Profile

(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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Should You Invest $1,000 in Falcon's Beyond Global Right Now?

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