Falcon’s Beyond Global (NASDAQ:FBYD) Shares Down 3.8% – Here’s What Happened

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price dropped 3.8% during trading on Thursday . The stock traded as low as $8.28 and last traded at $8.25. Approximately 1,669 shares traded hands 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 Price Performance

The firm has a fifty day moving average of $6.66 and a 200 day moving average of $7.63.

Institutional Investors Weigh In On Falcon’s Beyond Global

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its holdings 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 valued at $135,000 after purchasing an additional 2,806 shares during the last quarter. Geode Capital Management LLC grew its position 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 worth $397,000 after acquiring an additional 9,499 shares during the period. Finally, Northern Trust Corp purchased a new position in Falcon’s Beyond Global in the fourth quarter worth approximately $89,000. 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.