Six Flags Stock Surges After Report Of Travis Kelce Joining Activist Investor Campaign
Six Flags Entertainment Corp (NYSE:FUN) shares are soaring late Tuesday after The Wall Street Journal reported that NFL star Travis Kelce is teaming up with activist investor Jana Partners to push for changes at the company.
What To Know: According to the Wall Street Journal report, the investor group has acquired a 9% stake and is advocating for strategic shifts to boost the theme-park operator’s lagging share price.
The report sparked a wave of investor optimism late Tuesday, as activist campaigns often precede significant corporate actions aimed at increasing shareholder value.
Tuesday’s move higher reflects the market’s belief that this pressure could unlock value. Jana Partners is pressing Six Flags to improve marketing and customer experience, and notably, to evaluate a potential sale of the company, as reported by the WSJ.
Kelce’s high-profile involvement adds considerable public pressure, signaling to investors that meaningful, and potentially profitable, changes may be on the horizon.
FUN Price Action: Six Flags Entertainment shares closed Tuesday up 17.73% at $25.63, according to Benzinga Pro data.
How To Buy FUN Stock
By now, you’re likely curious about how to participate in the market for Six Flags Entertainment — be it to purchase shares or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of Six Flags Entertainment, which was trading at $22.21 some time on Tuesday, $100 would buy 4.5 shares of stock.
If you’re looking to bet against a company, the process is more complex. You’ll need access to an options trading platform or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option or sell a call option at a strike price above where shares are currently trading — either way, it allows you to profit from the share price decline.
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