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Why Six Flags Stock Just Dropped 17%

TheMotleyFool

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Six Flags (NYSE: SIX) shares are at half-mast this morning. Well -- not quite half. But they are down a whopping 17.3% as of 10:10 a.m. EST, after the theme park operator filed a report with the SEC warning that "continued challenges" with "the development of the Six Flags-branded parks in China" will subtract $8 million to $10 million in revenue from what the company gets in Q4 2019.

Wall Street analysts were spooked by the news, and already TheFly.com reports that Wells Fargo and Janney Montgomery Scott have downgraded Six Flags in response to its news.

Image source: Getty Images.

Source Fool.com

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