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Theme Park Stocks Soar; Six Flags Jumps 20%

Published 04/06/2020, 10:48 AM
Updated 04/06/2020, 10:50 AM
© Reuters.

© Reuters.

By Kim Khan 

Investing.com - Amusement park stocks jumped sharply Monday on the hopeful market mood that the Covid-19 pandemic is beginning to ease in Europe and could be in major areas of the U.S. as well soon.

Six Flags Entertainment (NYSE:SIX) soared 20% in morning trading and Cedar Fair (NYSE:FUN) rose11.5%. SeaWorld Entertainment (NYSE:SEAS) climbed 13%.

Walt Disney (NYSE:DIS), where theme parks are just part of company’s huge revenue stream, gained 2.2%, off the pace of the surge in the broader market.

Six Flags said at the end of March that it expected to keep its parks closed until mid-May.

But shares have shown some resilience as rumors of a possible takeover swirled around the market.

Latest comments

America will hit peak COVID levels at the end of April, by then more job loses resulting in less people spending. When lock down ends people aren't going to run into extreme social conditions because the virus will still be around, just limited. The only way confidence returns is with time or a vaccine. People still have in their mind this is just a virus, it hasn't yet hit that we're now in a recession
six flags, are they going to be open to the public for free? I only ask bc people don't have money for food and Bill's. I don't think this bail out plan for the people will go smoothly judging this administration's performance in the past 3+ years. people only seem concerned with stock market. we are going to have homelessness, a rash of computer crime, and other civil unrest if they don't get their act together. I hope to God I'm wrong.
Why are my gun stocks falling? Ruger, Smith & Wesson, Colt. Social unrest takes time people. Like a boil... first you need to develop a head for someone to poke at, aggravate it.
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