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 $8.30, 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 Down 0.8 %

The stock has a fifty day moving average of $6.66 and a 200-day moving average of $7.62.

Institutional Trading of Falcon’s Beyond Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp acquired a new stake in Falcon’s Beyond Global in the fourth quarter worth about $89,000. Wealth Enhancement Advisory Services LLC increased its position in 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 period. Finally, Geode Capital Management LLC increased its position in 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 worth $397,000 after purchasing an additional 9,499 shares during the period. 38.88% of the stock is currently owned by institutional investors and hedge funds.

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.