Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 4% – Here’s What Happened

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) rose 4% during trading on Tuesday . The stock traded as high as $8.69 and last traded at $8.66. Approximately 11,943 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 14,754 shares. The stock had previously closed at $8.32.

Falcon’s Beyond Global Trading Up 2.4 %

The stock’s fifty day moving average is $6.71 and its 200 day moving average is $7.61.

Institutional Trading of Falcon’s Beyond Global

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

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.