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Why Six Flags Stock Slumped 12% Today

TheMotleyFool

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Shares of amusement park operator Six Flags (NYSE: SIX) closed down 11.8% in Thursday trading after getting hit by an "initiation at sell" recommendation from investment heavyweight Goldman Sachs.

Six Flags stock closed above $27 in Wednesday trading, but Goldman Sachs says the stock is only worth $22. After declining in price more than $3 Thursday, the stock is already more than halfway to Goldman's target.

Image source: Getty Images.

Source Fool.com

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