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

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

Falcon’s Beyond Global Trading Up 7.5 %

The stock has a fifty day moving average of $6.69 and a 200 day moving average of $7.73.

Institutional Trading of Falcon’s Beyond Global

A hedge fund recently raised its stake in Falcon’s Beyond Global stock. Geode Capital Management LLC increased its stake in Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) by 22.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,084 shares of the company’s stock after purchasing an additional 9,499 shares during the quarter. Geode Capital Management LLC’s holdings in Falcon’s Beyond Global were worth $397,000 at the end of the most recent quarter. 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.