SIX - Why Six Flags Cedar Fair and SeaWorld Stock Dropped Today
Amusement park stocks fell on Monday, as rising COVID-19 case counts threaten to derail the beleaguered industry's recovery. By the close of trading, shares of SeaWorld (NYSE: SEAS) , Six Flags (NYSE: SIX) , and Cedar Fair (NYSE: FUN) were down 9.8%, 7.6%, and 4.1%, respectively.
Nearly 1 million people have died from the coronavirus, including approximately 200,000 Americans. Surging COVID-19 cases in several European countries threaten to drive those figures even higher. Government officials, desperate to minimize the spread of the virus, are considering new lockdown restrictions.
More COVID-19 cases could mean more trouble for amusement park investors. Image source: Getty Images.
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Why Six Flags, Cedar Fair, and SeaWorld Stock Dropped Today