PK - Why Shares of Red Rock Resorts Park Hotels and Six Flags All Jumped Tuesday Morning
Shares of casino operator Red Rock Resorts (NASDAQ: RRR) jumped as much as 21% at the open of trading on Tuesday. Casino peers Eldorado Resorts (NASDAQ: ERI) and Penn National Gaming (NASDAQ: PENN) jumped as well, though not quite as much. All three fell back from their respective peaks by 10:30 a.m. EDT today, with Red Rock and Eldorado up in the mid single digits. Penn fell to a low-single-digit gain.
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Amusement park operator Six Flags Entertainment (NYSE: SIX), meanwhile, saw its stock advance nearly 12%. Peers Cedar Fair (NYSE: FUN) and SeaWorld Entertainment (NYSE: SEAS) saw their stocks jump as well, though not quite as much. Like the casino operators, these companies quickly pulled back from the gains, but all three were up between 5% and 10% at 10:30 a.m. EDT on Tuesday.