Theme Park Stocks Fall Amid Coronavirus Variant Concerns
27 November 2021 - 4:36AM
Dow Jones News
By Robb M. Stewart
U.S. theme park stocks were in retreat Friday amid concerns a
fast-spreading Covid-19 variant could keep people at home as
countries impose fresh travel restrictions.
Scientists say a new coronavirus variant, called B.1.1.529, has
a high number of mutations that may make it more transmissible and
allow it to evade some of the immune responses triggered by
previous infection or vaccination. Dozens of countries have already
imposed travel restrictions to and from southern Africa, where the
variant was first detected.
Concerns the variant may derail efforts to revitalize economies
and set back loosened travel and other curbs put in place during
the pandemic weighed on equity markets, and travel and leisure
stocks in particular.
At midday, Seaworld Entertainment Inc.'s shares were 11% lower
at $59.21, Cedar Fair LP was trading 5.3% lower at $46.95, and Six
Flags Entertainment Corp. was 6.9% lower $37.23. Walt Disney Co.'s
shares were down 2.5% at $147.47.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
November 26, 2021 12:21 ET (17:21 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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