Falcon’s Beyond Global (NASDAQ:FBYD) Sees Strong Trading Volume – Here’s Why

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares saw unusually-strong trading volume on Tuesday . Approximately 18,093 shares were traded during mid-day trading, an increase of 19% from the previous session’s volume of 15,268 shares.The stock last traded at $8.26 and had previously closed at $8.36.

Falcon’s Beyond Global Price Performance

The stock has a market capitalization of $998.21 million, a PE ratio of 5.47 and a beta of -2.51. The stock’s fifty day moving average is $7.88 and its 200-day moving average is $7.64.

Falcon’s Beyond Global (NASDAQ:FBYD) last released its earnings results on Thursday, April 3rd. The company reported ($0.42) earnings per share (EPS) for the quarter. The firm had revenue of $1.36 million for the quarter.

Institutional Investors Weigh In On Falcon’s Beyond Global

A number of institutional investors have recently modified their holdings of FBYD. Wealth Enhancement Advisory Services LLC grew its stake in shares of Falcon’s Beyond Global by 20.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company’s stock worth $135,000 after acquiring an additional 2,806 shares in the last quarter. Geode Capital Management LLC raised its stake 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 buying an additional 9,499 shares in the last quarter. Finally, Northern Trust Corp purchased a new position in shares of Falcon’s Beyond Global in the 4th quarter valued at about $89,000. 38.88% of the stock is owned by institutional investors and hedge funds.

Falcon’s Beyond Global Company Profile

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.