Why Disney, Six Flags, Cedar Fair, and Other Amusement Park Stocks Dropped Today
Amusement park stocks fell on Wednesday, as COVID-19 case counts surged across the U.S. and around the world.
As of 2:20 p.m. EDT, shares of Cedar Fair (NYSE: FUN), SeaWorld (NYSE: SEAS), Six Flags (NYSE: SIX), and Disney (NYSE: DIS) were down 9%, 9%, 8%, and 5%, respectively.
Leading infectious disease expert Dr. Anthony Fauci warned Congress on Tuesday that areas of the U.S. are experiencing a "disturbing surge" of novel coronavirus infection, including an alarming increase in COVID-19 complications among young people. With infection counts increasing rapidly in many states, some government officials are once again instructing people to stay home unless it's absolutely necessary to go elsewhere.
Source Fool.com
