Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Down – Time to Sell?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) gapped down prior to trading on Monday . The stock had previously closed at $8.30, but opened at $8.11. Falcon’s Beyond Global shares last traded at $8.11, with a volume of 1,784 shares changing hands.

Falcon’s Beyond Global Stock Performance

The stock’s 50 day simple moving average is $6.76 and its 200-day simple moving average is $7.61.

Institutional Investors Weigh In On Falcon’s Beyond Global

Large investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its position in Falcon’s Beyond Global by 20.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company’s stock valued at $135,000 after buying an additional 2,806 shares during the period. Geode Capital Management LLC raised 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 valued at $397,000 after acquiring an additional 9,499 shares in the last quarter. Finally, Northern Trust Corp purchased a new position in Falcon’s Beyond Global in the fourth quarter valued at $89,000. 38.88% of the stock is owned by hedge funds and other 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.