Falcon’s Beyond Global (NASDAQ:FBYD) Sees Strong Trading Volume

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) saw unusually-strong trading volume on Tuesday . Approximately 12,283 shares changed hands during trading, an increase of 108% from the previous session’s volume of 5,918 shares.The stock last traded at $9.90 and had previously closed at $10.73.

Falcon’s Beyond Global Stock Performance

The business’s 50 day simple moving average is $10.11 and its 200 day simple moving average is $10.67.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its earnings results on Thursday, May 16th. The company reported $1.53 EPS for the quarter. The firm had revenue of $1.52 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Falcon’s Beyond Global stock. Wolverine Asset Management LLC bought a new stake in Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,016 shares of the company’s stock, valued at approximately $49,000. Institutional investors and hedge funds own 38.88% of the company’s stock.

About Falcon’s Beyond Global

Falcon's Beyond Global, Inc operates as an entertainment company in the United States, Saudi Arabia, Caribbean, Hong Kong, and internationally. The company creates master plans; designs attractions and experiential entertainment; and produces content, interactives, and software, as well as engages in media and audio production, project management, experiential technologies, and attraction hardware development, procurement, and sales.