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

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) traded down 4.9% during mid-day trading on Thursday . The stock traded as low as $8.54 and last traded at $8.48. 882 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 14,823 shares. The stock had previously closed at $8.92.

Falcon’s Beyond Global Stock Performance

The company has a 50 day simple moving average of $6.82 and a 200 day simple moving average of $7.62.

Institutional Investors Weigh In On Falcon’s Beyond Global

Several hedge funds have recently modified their holdings of FBYD. Northern Trust Corp acquired a new position in Falcon’s Beyond Global in the 4th quarter valued at $89,000. Wealth Enhancement Advisory Services LLC raised its holdings 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 in the last quarter. Finally, Geode Capital Management LLC lifted 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 valued at $397,000 after purchasing an additional 9,499 shares during the period. 38.88% of the stock is owned by institutional investors and hedge funds.

About Falcon’s Beyond Global

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.