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

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

Falcon’s Beyond Global Trading Down 0.8 %

The company has a 50-day moving average price of $6.66 and a 200-day moving average price of $7.62.

Hedge Funds Weigh In On Falcon’s Beyond Global

Several institutional 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% in 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. Northern Trust Corp acquired a new position in shares of Falcon’s Beyond Global in the 4th quarter valued at approximately $89,000. Finally, Geode Capital Management LLC grew its position 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 valued at $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.

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.