Reported about 15 hours ago
Shares of Six Flags Entertainment surged nearly 18% following news that NFL star Travis Kelce is partnering with activist investor Jana Partners to drive changes within the company. Kelce, a longtime fan of Six Flags, along with Jana, has acquired a 9% stake in the struggling park operator, which has seen its stock value drop significantly this year due to various challenges, including declining attendance. The move indicates a potential shift in strategy as Six Flags seeks new leadership.
Source: YAHOO