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

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) gapped down before the market opened 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 traded.

Falcon’s Beyond Global Trading Down 2.3 %

The firm’s 50-day moving average price is $6.55 and its 200 day moving average price is $7.62.

Institutional Trading of Falcon’s Beyond Global

Large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of 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 worth $135,000 after buying an additional 2,806 shares during the period. Northern Trust Corp acquired a new stake in shares of Falcon’s Beyond Global during the 4th quarter worth approximately $89,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Falcon’s Beyond Global by 22.8% in the 4th 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 in the last quarter. 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.