Falcon’s Beyond Global (NASDAQ:FBYD) Shares Up 13.4%

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares shot up 13.4% during mid-day trading on Thursday . The company traded as high as $9.75 and last traded at $9.75. 736 shares were traded during mid-day trading, a decline of 86% from the average session volume of 5,088 shares. The stock had previously closed at $8.60.

Falcon’s Beyond Global Stock Up 12.0 %

The business has a fifty day simple moving average of $9.51 and a 200-day simple moving average of $11.42. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.49.

Hedge Funds Weigh In On Falcon’s Beyond Global

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

Falcon’s Beyond Global Company Profile

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.