Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 4% – Should You Buy?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) rose 4% during trading on Thursday . The stock traded as high as $8.36 and last traded at $7.81. Approximately 16,235 shares changed hands during trading, a decline of 53% from the average daily volume of 34,825 shares. The stock had previously closed at $7.51.

Falcon’s Beyond Global Trading Up 4.0 %

The firm’s fifty day moving average is $6.46 and its 200 day moving average is $7.67.

Hedge Funds Weigh In On Falcon’s Beyond Global

A hedge fund recently raised its stake in Falcon’s Beyond Global stock. Geode Capital Management LLC boosted its holdings in shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) by 22.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,084 shares of the company’s stock after acquiring an additional 9,499 shares during the quarter. Geode Capital Management LLC’s holdings in Falcon’s Beyond Global were worth $397,000 at the end of the most recent reporting period. 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.