| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Six Flags Entertainment Corp (NYSE:FUN) shares are trading marginally higher Wednesday morning, holding onto significant gains from the previous session. Here’s what investors need to know.
What To Know: Six Flags stock surged on Tuesday following a report from The Wall Street Journal that NFL star Travis Kelce is joining an activist investor campaign led by Jana Partners.
The investor group has reportedly taken a 9% stake in the theme-park operator. The group is advocating for strategic changes to address the company’s lagging share price, including a renewed focus on marketing and the customer experience. The report also indicates that the group is pushing Six Flags to explore a potential sale of the company.
Kelce’s high-profile involvement adds considerable public attention and has sparked investor optimism. The stock’s 20% move higher Tuesday could reflect a belief that the new activist push could unlock significant shareholder value and signal that meaningful, and potentially profitable, changes are on the horizon for the entertainment company.
FUN Price Action: Six Flags Entertainment shares were up 0.23% at $25.69 at the time of publication on Wednesday, according to Benzinga Pro data.
Read Also: Netflix Slides On Brazil Tax Hit — But Growth Story Remains Intact
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Six Flags Entertainment’s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
Image: Shutterstock
Posted In: FUN
