Falcon’s Beyond Global (NASDAQ:FBYD) Shares Down 3.8% – Should You Sell?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares dropped 3.8% during mid-day trading on Thursday . The company traded as low as $8.28 and last traded at $8.25. Approximately 1,669 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 14,702 shares. The stock had previously closed at $8.58.

Falcon’s Beyond Global Stock Up 0.1 %

The stock’s fifty day moving average price is $6.58 and its 200-day moving average price is $7.63.

Hedge Funds Weigh In On Falcon’s Beyond Global

A number of large investors have recently made changes to their positions in FBYD. Northern Trust Corp purchased a new position in shares of Falcon’s Beyond Global in the 4th quarter valued at about $89,000. Wealth Enhancement Advisory Services LLC increased its holdings 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 valued at $135,000 after purchasing an additional 2,806 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 38.88% of the company’s stock.

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.