Theme Park Stocks Soar; Six Flags Jumps 20%
Investing.com
Published Apr 06, 2020 10:48AM ET
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.
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