Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Down – What’s Next?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) gapped down before the market opened on Wednesday . The stock had previously closed at $7.23, but opened at $6.96. Falcon’s Beyond Global shares last traded at $7.21, with a volume of 472 shares trading hands.

Falcon’s Beyond Global Price Performance

The business has a 50 day simple moving average of $6.62 and a 200 day simple moving average of $7.71.

Hedge Funds Weigh In On Falcon’s Beyond Global

A hedge fund recently bought a new stake in Falcon’s Beyond Global stock. Northern Trust Corp purchased a new position in shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,084 shares of the company’s stock, valued at approximately $89,000. 38.88% of the stock is owned by hedge funds and other institutional investors.

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.