Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Down – Here’s Why

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares gapped down prior to trading on Monday . The stock had previously closed at $8.43, but opened at $8.17. Falcon’s Beyond Global shares last traded at $8.40, with a volume of 521 shares trading hands.

Falcon’s Beyond Global Stock Up 0.6 %

The company has a fifty day simple moving average of $6.49 and a two-hundred day simple moving average of $7.62.

Institutional Trading of Falcon’s Beyond Global

An institutional investor recently raised its position 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 the company in its most recent filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission. 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.