Can SeaWorld Stock Bounce Back After Last Week's 11% Drop?
It seems as if SeaWorld Entertainment (NYSE: SEAS) investors keep sitting in the first three rows of the theme park operator's killer whale shows, because every time the company wants to make a big splash, shareholders walk away all wet.
SeaWorld stock fell again last week, tumbling 10.7% after posting another quarter of unimpressive financial results. Wall Street pros would go on to slash profit targets, and even Moody's got in on the action by downgrading the operator's credit rating. We may be just two years into new management's three-year turnaround plan, but it sure doesn't seem as if things will be getting better anytime soon.
Image source: SeaWorld Entertainment.
Source: Fool.com