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Falcon's Beyond Global (NASDAQ:FBYD) Sees Unusually-High Trading Volume - Here's What Happened

Falcon's Beyond Global logo with Multi-Sector Conglomerates background

Shares of Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) saw an uptick in trading volume on Wednesday . 28,895 shares were traded during trading, an increase of 76% from the previous session's volume of 16,455 shares.The stock last traded at $6.14 and had previously closed at $5.40.

Falcon's Beyond Global Trading Down 4.3%

The business has a 50-day moving average of $6.92 and a 200 day moving average of $7.27. The firm has a market capitalization of $673.52 million, a PE ratio of 54.79 and a beta of -1.65.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported ($0.13) EPS for the quarter. Falcon's Beyond Global had a net margin of 18.35% and a negative return on equity of 1.43%.

Hedge Funds Weigh In On Falcon's Beyond Global

Hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of 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 valued at $135,000 after acquiring an additional 2,806 shares in the last quarter. Geode Capital Management LLC boosted 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 last quarter. Cassaday & Co Wealth Management LLC bought a new position in Falcon's Beyond Global in the 1st quarter valued at $90,000. Northern Trust Corp purchased a new stake in shares of Falcon's Beyond Global during the 4th quarter valued at $89,000. Finally, HighTower Advisors LLC purchased a new position in shares of Falcon's Beyond Global in the 1st quarter worth about $124,000. Institutional investors own 38.88% of the company's stock.

Falcon's Beyond Global Company Profile

(Get Free Report)

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.

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