Falcon's Beyond Global (NASDAQ:FBYD) Trading 5.3% Higher

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Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s share price shot up 5.3% during mid-day trading on Wednesday . The stock traded as high as $10.00 and last traded at $10.00. 357 shares traded hands during trading, a decline of 94% from the average session volume of 5,955 shares. The stock had previously closed at $9.50.

Falcon's Beyond Global Stock Performance

The company's 50-day simple moving average is $10.37. The company has a quick ratio of 0.03, a current ratio of 0.04 and a debt-to-equity ratio of 0.49.

Institutional Investors Weigh In On Falcon's Beyond Global

An institutional investor recently bought a new position in Falcon's Beyond Global stock. Vanguard Group Inc. bought a new stake in shares of Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 139,961 shares of the company's stock, valued at approximately $1,722,000. Vanguard Group Inc. owned about 0.10% of Falcon's Beyond Global at the end of the most recent reporting period. Hedge funds and other institutional investors own 38.88% of the company's stock.

Falcon's Beyond Global Company Profile

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Falcon's Beyond Global, Inc operates as an entertainment powerhouse and innovator in storytelling. The company develops, owns, and operates hotels, theme parks, and retail, dining, and entertainment venues. It also provides master planning, media and audio production, project management, experiential technologies, attraction hardware development, procurement, and sales for the themed entertainment industry.

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