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SIX - Why Six Flags SeaWorld and Cedar Fair Stocks Surged Today
Six Flags Entertainment Corporation
Amusement park stocks rose sharply on Wednesday, as investors cheered news of progress toward the development of a COVID-19 vaccine.
By the close of trading, shares of SeaWorld(NYSE: SEAS), Six Flags(NYSE: SIX), and Cedar Fair(NYSE: FUN) were up 15%, 13%, and 7%, respectively.
Amusement park companies could benefit tremendously from a safe and effective vaccine for COVID-19. Health authorities have forced their parks to remain closed for much of the year due to concerns that large crowds could perpetuate the spread of the dangerous disease.