Falcon’s Beyond Global (NASDAQ:FBYD) Sees Strong Trading Volume

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) saw strong trading volume on Tuesday . 12,283 shares were traded during mid-day trading, an increase of 108% from the previous session’s volume of 5,918 shares.The stock last traded at $9.90 and had previously closed at $10.73.

Falcon’s Beyond Global Stock Down 2.1 %

The company has a fifty day simple moving average of $10.14 and a 200-day simple moving average of $10.64.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its earnings results on Thursday, May 16th. The company reported $1.53 earnings per share (EPS) for the quarter. The company had revenue of $1.52 million during the quarter.

Hedge Funds Weigh In On Falcon’s Beyond Global

A hedge fund recently bought a new stake in Falcon’s Beyond Global stock. Wolverine Asset Management LLC purchased a new position in shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,016 shares of the company’s stock, valued at approximately $49,000. 38.88% of the stock is currently owned by institutional investors and hedge funds.

About Falcon’s Beyond Global

Falcon's Beyond Global, Inc operates as an entertainment company in the United States, Saudi Arabia, Caribbean, Hong Kong, and internationally. The company creates master plans; designs attractions and experiential entertainment; and produces content, interactives, and software, as well as engages in media and audio production, project management, experiential technologies, and attraction hardware development, procurement, and sales.