Falcon’s Beyond Global (NASDAQ:FBYD) Trading Down 6.7% – What’s Next?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price was down 6.7% during trading on Wednesday . The stock traded as low as $6.97 and last traded at $6.80. Approximately 6,045 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 42,831 shares. The stock had previously closed at $7.28.

Falcon’s Beyond Global Stock Down 5.8 %

The firm’s 50 day simple moving average is $6.94 and its 200 day simple moving average is $7.77.

Institutional Trading of Falcon’s Beyond Global

An institutional investor recently bought a new position in Falcon’s Beyond Global stock. Northern Trust Corp acquired a new position in Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,084 shares of the company’s stock, valued at approximately $89,000. 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.