Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Up to $8.75

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares gapped up before the market opened on Friday . The stock had previously closed at $8.75, but opened at $9.38. Falcon’s Beyond Global shares last traded at $9.38, with a volume of 403 shares changing hands.

Falcon’s Beyond Global Stock Up 7.2 %

The business has a 50 day moving average of $9.78. The company has a quick ratio of 0.03, a current ratio of 0.04 and a debt-to-equity ratio of 0.49.

Hedge Funds Weigh In On Falcon’s Beyond Global

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

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.