Falcon’s Beyond Global (NASDAQ:FBYD) Trading Up 3.6% – Should You Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price was up 3.6% on Monday . The stock traded as high as $8.74 and last traded at $8.71. Approximately 4,464 shares traded hands during trading, a decline of 84% from the average daily volume of 27,306 shares. The stock had previously closed at $8.41.

Falcon’s Beyond Global Price Performance

The business has a 50-day moving average price of $6.92 and a 200-day moving average price of $7.63.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its position 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 last quarter. Geode Capital Management LLC increased its holdings in shares of Falcon’s Beyond Global by 22.8% during the 4th quarter. Geode Capital Management LLC now owns 51,084 shares of the company’s stock worth $397,000 after buying an additional 9,499 shares during the last quarter. Finally, Northern Trust Corp purchased a new stake in shares of Falcon’s Beyond Global during the 4th quarter valued at approximately $89,000. 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.