Falcon’s Beyond Global (NASDAQ:FBYD) Trading 3.6% Higher – Still a Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares were up 3.6% during trading on Monday . The company traded as high as $8.74 and last traded at $8.71. Approximately 4,464 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 27,306 shares. The stock had previously closed at $8.41.

Falcon’s Beyond Global Trading Up 1.9 %

The company has a fifty day moving average of $7.04 and a two-hundred day moving average of $7.64.

Institutional Investors Weigh In On Falcon’s Beyond Global

A number of institutional investors have recently added to or reduced their stakes in FBYD. Wealth Enhancement Advisory Services LLC grew its stake in shares of Falcon’s Beyond Global by 20.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company’s stock worth $135,000 after purchasing an additional 2,806 shares during the last quarter. Northern Trust Corp bought a new stake in shares of Falcon’s Beyond Global in the 4th quarter valued at $89,000. Finally, Geode Capital Management LLC increased its position in shares of Falcon’s Beyond Global by 22.8% during the fourth quarter. Geode Capital Management LLC now owns 51,084 shares of the company’s stock worth $397,000 after buying an additional 9,499 shares during the period. 38.88% of the stock is owned by institutional investors.

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.