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Falcon's Beyond Global (NASDAQ:FBYD) Trading 7.3% Higher - Here's Why

Falcon's Beyond Global logo with Multi-Sector Conglomerates background
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Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) traded up 7.3% during trading on Wednesday . The company traded as high as $8.93 and last traded at $8.58. 13,884 shares changed hands during trading, a decline of 58% from the average session volume of 32,871 shares. The stock had previously closed at $7.99.

Falcon's Beyond Global Price Performance

The company's 50-day simple moving average is $6.48 and its 200-day simple moving average is $7.64.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Falcon's Beyond Global stock. Northern Trust Corp purchased a new position in Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,084 shares of the company's stock, valued at approximately $89,000. Hedge funds and other institutional investors own 38.88% of the company's stock.

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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