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

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) gapped down before the market opened on Monday . The stock had previously closed at $8.30, but opened at $8.11. Falcon’s Beyond Global shares last traded at $8.11, with a volume of 1,784 shares trading hands.

Falcon’s Beyond Global Stock Up 2.4 %

The stock’s fifty day simple moving average is $6.76 and its 200 day simple moving average is $7.61.

Institutional Investors Weigh In On Falcon’s Beyond Global

Several hedge funds and other institutional investors have recently made changes to their positions in FBYD. Northern Trust Corp purchased a new stake in Falcon’s Beyond Global in the 4th quarter valued at $89,000. Geode Capital Management LLC increased its position in 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 worth $397,000 after purchasing an additional 9,499 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake 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 during the period. Institutional investors and hedge funds 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.