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

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s share price 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 changing hands.

Falcon’s Beyond Global Trading Down 2.3 %

The business’s 50-day simple moving average is $6.55 and its two-hundred day simple moving average is $7.62.

Institutional Trading of Falcon’s Beyond Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp acquired a new stake in Falcon’s Beyond Global during the 4th quarter valued at approximately $89,000. Wealth Enhancement Advisory Services LLC increased its position in Falcon’s Beyond Global by 20.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company’s stock valued at $135,000 after purchasing an additional 2,806 shares during the period. Finally, Geode Capital Management LLC increased its position in Falcon’s Beyond Global by 22.8% during the 4th quarter. Geode Capital Management LLC now owns 51,084 shares of the company’s stock valued at $397,000 after purchasing an additional 9,499 shares during the period. Institutional investors and hedge funds 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.