SIX - Why Shake Shack Caesars Entertainment and Six Flags All Fell By 10% to 12% Today
Shares of restaurant chain Shake Shack (NYSE: SHAK) were down by about 11% at the close of Monday's session. Casino operator Caesars Entertainment (NASDAQ: CZR) was down by 11.7%, and amusement park operator Six Flags (NYSE: SIX) was off by 10%. The broader maker fell too, with the S&P 500 down 3.2%, but there's more at play here than just the general Wall Street trend.
There are a lot of factors driving the market right now, including the massive wild card related to the geopolitical tensions in Eastern Europe. But after several weeks of falling share prices, it appears that investors are in a "risk off" mood. Essentially, any stock with even a hint of risk is getting dumped like yesterday's trash.
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Why Shake Shack, Caesars Entertainment, and Six Flags All Fell By 10% to 12% Today