Why Amusement Park Stocks Rocketed on Monday
Shares of amusement park operator SeaWorld Entertainment (NYSE: SEAS) leaped nearly 14% in the first hour of trading on Monday. Six Flags Entertainment (NYSE: SIX) stock rose roughly 16%. And the units of master limited partnership Cedar Fair (NYSE: FUN) advanced just over 17%. All three later pulled back from their respective highs, but their gains remained between 12% and 15% at 11 a.m. EDT today.
The gains didn't have anything to do with SeaWorld, Six Flags, or Cedar Fair specifically. These amusement park owners are still dealing with very difficult industry conditions due to COVID-19. They were all forced to shut down because of the government's efforts to slow the spread of the coronavirus. And social distancing, a key focus of the containment effort, holds the biggest challenges here.
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Source Fool.com
