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Why Six Flags Stock Gained 60% in April

Demitrios Kalogeropoulos, The Motley Fool
·2-min read
Why Six Flags Stock Gained 60% in April

Six Flags' (NYSE: SIX) shares dramatically outperformed the market last month, soaring 60% compared to a 13% increase in the S&P 500, according to data provided by S&P Global Market Intelligence. The rally only erased a portion of shareholders' recent paper losses, though, with declines weighing in at 55% so far in 2020. Investors became intensely pessimistic about the entertainment business following COVID-19 developments that forced closures of all of Six Flags' parks through most of the spring season.

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