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.

Falcon’s Beyond Global Trading Up 7.2 %

The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.03 and a current ratio of 0.04. The business has a 50 day simple moving average of $9.74.

Institutional Investors 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 shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 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.