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Six Flags stock gains after saying it is reopening 2 parks in California, before Disney’s parks open

Economy, Finance

Shares of Six Flags Entertainment Corp. rose 0.3% in premarket trading Thursday, to buck a selloff in stock index futures, after the theme park operator announced the reopening of three of its parks, two in California and one in Mexico. The company said its Six Flags Mexico is opening today, March 18. In California, Six Flags Mountain and Six Flags Discovery Kingdom will open to members and season pass holders on April 1 and April 2 and to the general public on April 3. The company said the parks will operate at reduced attendance levels, with “extensive safety measures” implemented, including social distancing and requiring everyone over the age of two to wear face masks. “Californians are ready to visit their favorite Six Flags theme park and have some fun,” said Bonnie Weber, senior vice president of park operations. The company’s reopenings come after Walt Disney Co. said Wednesday that it will reopen Disneyland Park and Disney California Adventure Park on April 30, at about 15% capacity. Six Flags share gain Thursday comes as futures for the S&P 500 fell 0.7%. Over the past 12 months, Six Flags stock has rocketed 380.9%, Disney shares have run up 119.9% and the S&P 500 has advanced 65.7%.

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