SIX Stock Recent News

Here are some of the major companies whose stocks moved on the week's news.

Six Flags and Cedar Fair are rumored to be merging. The new company would be a new theme park behemoth.

ARLINGTON, Texas--(BUSINESS WIRE)--Six Flags Entertainment Corporation (NYSE: SIX) today announced it will release third quarter financial results before the market opens on Thursday, November 9, 2023. An investor conference call will follow beginning at 7:00 a.m. Central Time. The call can be accessed through the Six Flags Investor Relations website, investors.sixflags.com, or by dialing 1-833-629-0614 in the United States or 1-412-317-9257 outside the United States and requesting the Six Flag.

Disneyland Resort is launching a limited, special ticket offer for children aged 3 to 9, offering access to a Disneyland Resort park for just $50 a child per day.

Six Flags (SIX) is apprehensive about the uncertain macroeconomic environment and inflationary pressures. Also, dismal in-park spending per capita is a concern.

Six Flags reported lower-than-expected revenue and a decline in spending per visitor. The company's value pricing strategy is gaining traction, but it may result in unfavorable year-over-year comparisons. Increased capital expenditures to enhance park aesthetics and guest experiences are a positive long-term move, but they will temporarily impact cash flow.

Over the weekend, intense rain and flooding stranded more than 70,000 people at Burning Man in the Nevada desert. It's the latest example of how extreme weather, exacerbated by climate change, impacted major North American attractions this summer.

Six Flags Entertainment (NYSE:SIX) has announced a collaboration with Google Cloud to enhance the experience of visitors to its amusement parks and optimize its business operations. The regional theme park and water park operator said it will use Google Cloud's Vertex AI (artificial intelligence) Conversation and other services to accelerate digital transformation at its operations, including the introduction of a cutting-edge virtual assistant powered by generative AI (gen AI).

“We don't expect to make up our weather related losses.”

Quint Tatro, Joule Financial founder, joins ‘Power Lunch' to discuss three stocks: Disney, Alibaba and Six Flags.