Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 4% – Should You Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) was up 4% on Tuesday . The company traded as high as $8.69 and last traded at $8.66. Approximately 11,943 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 14,754 shares. The stock had previously closed at $8.32.

Falcon’s Beyond Global Price Performance

The firm has a 50-day moving average of $6.82 and a 200-day moving average of $7.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Northern Trust Corp purchased a new position in Falcon’s Beyond Global in the 4th quarter worth about $89,000. Geode Capital Management LLC grew its stake in shares of 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, Wealth Enhancement Advisory Services LLC raised its holdings in shares of 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 valued at $135,000 after purchasing an additional 2,806 shares during the last quarter. 38.88% of the stock is owned by institutional investors.

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.