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

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

Falcon’s Beyond Global Price Performance

The company has a debt-to-equity ratio of 0.49, a current ratio of 0.01 and a quick ratio of 0.01. The firm’s 50 day moving average price is $9.51 and its two-hundred day moving average price is $11.42.

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 bought a new stake in shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,016 shares of the company’s stock, valued at approximately $49,000. Institutional investors own 38.88% of the company’s stock.

About Falcon’s Beyond Global

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.