Six Flags Shares Fall 9.16% to $7.14, Hitting New 52-Week Low

Six Flags Entertainment Corp. (NYSE: FUN ) stock fell more than 9% Wednesday after Guggenheim analyst Curry Baker maintained a Buy rating but lowered his price forecast from $28 to $17. The stock also fell below its previous 52-week low of $7.95, potentially triggering additional technical selling. Meanwhile, the broader market traded higher.

The Nasdaq gained 1.37%, the S&P 500 rose 0.64%, and the consumer discretionary sector advanced 0.42%. Wall Street Analysts Cut Price Forecasts Several analysts have lowered their price forecasts for Six Flags in recent weeks. The stock carries a Buy consensus rating, with an average price forecast of $20.22. On Oct.

16, UBS analyst Arpine Kocharyan maintained a Buy rating but lowered the price forecast from $27 to $18. Similarly, Citigroup analyst James Hardiman maintained a Neutral rating and reduced his price forecast from $17 to $13 on Oct. 8. Truist Securities also lowered its price forecast from $28 to $22 on Sept.

10 while maintaining a Buy rating. Safety Concerns And Legal Scrutiny Weigh On Shares Six Flags shares recently hit multiyear lows following reports of a fatal roller coaster incident at Six Flags Over Georgia. The stock plunged approximately 14.4% on Oct. 13 as investors reacted to the news.

Meanwhile, Six Flags faces a securities-related legal investigation into allegations that the company misled investors about safety, maintenance and ride reliability. The company has also faced scrutiny over safety concerns involving the X2 roller coaster at Six Flags Magic Mountain in Southern California. Activist Investor Pushes For Six Flags Sale The stock’s decline and ongoing legal concerns could complicate activist investor Jana Partners’ efforts to push for a sale. In October 2025, Jana joined forces with NFL star Travis Kelce and other investors to acquire a stake representing approximately 9% of Six Flags.

Since then, the group has pressed for strategic changes, including board changes, leadership accountability, revised financial guidance and potential asset sales. In September, Jana renewed its call for Six Flags to explore a sale of the entire company, Bloomberg reported. Six Flags Technical Analysis Six Flags remains in a steep downtrend, with shares falling below their previous 52-week low of $7.95. The stock trades 33.4% below its 20-day simple moving average (SMA), 46.7% below its 50-day SMA and nearly 60% below both its 100-day and 200-day SMAs.

The 20-day SMA remains below the 50-day SMA. In addition, a bearish death cross formed in September when the 50-day SMA fell below the 200-day SMA. The relative strength index (RSI) stands at 20.61, indicating deeply oversold conditions. Six Flags Earnings Outlook Investors are now looking ahead to Six Flags’ next earnings report, scheduled for Nov.

5. Analysts expect earnings of $1.99 per share, down from $3.28 a year earlier. Revenue is projected to decline to $1.17 billion from $1.32 billion in the year-ago quarter. FUN Price Action: Six Flags shares fell 9.16% to $7.14 at the time of publication Wednesday.

The stock is trading at a new 52-week low, according to Pro data. Image via Shutterstock Read Also: SpaceX Jumps 10%, Nasdaq 100 Rises as AI Trade Returns: Stock Market Today