Falcon’s Beyond Global (NASDAQ:FBYD) Trading 4% Higher – Here’s Why

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price traded up 4% during trading on Thursday . The stock traded as high as $8.36 and last traded at $7.81. 16,235 shares were traded during trading, a decline of 53% from the average session volume of 34,825 shares. The stock had previously closed at $7.51.

Falcon’s Beyond Global Stock Performance

The stock’s 50 day moving average price is $6.47 and its 200 day moving average price is $7.66.

Hedge Funds Weigh In On Falcon’s Beyond Global

A hedge fund recently raised its stake in Falcon’s Beyond Global stock. Geode Capital Management LLC increased its holdings in shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) by 22.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 51,084 shares of the company’s stock after purchasing an additional 9,499 shares during the period. Geode Capital Management LLC’s holdings in Falcon’s Beyond Global were worth $397,000 as of its most recent filing with the SEC. Institutional investors own 38.88% of the company’s stock.

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.