Falcon’s Beyond Global (NASDAQ:FBYD) Trading Up 6.3% – Here’s Why

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price rose 6.3% during mid-day trading on Friday . The stock traded as high as $7.50 and last traded at $7.29. Approximately 2,227 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 40,903 shares. The stock had previously closed at $6.86.

Falcon’s Beyond Global Stock Up 7.5 %

The company has a 50 day moving average price of $6.74 and a 200-day moving average price of $7.75.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Falcon’s Beyond Global stock. Northern Trust Corp bought a new stake in shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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.