Oct. 14, 2026
— Jeff Ward, Lehigh Valley News Briefs
How low can it go?
The stock of Six Flags, owner of Dorney Park, touched $9.34 today, little more than a third of the 52-week high of $27.37. The market capitalization of the company has slipped below $1 billion.
The amusement-park operator faces an investigation into a death at Six Flags Over Georgia. The company shut down nine roller coasters at other parks at least temporarily, according to the Associated Press.
In September, the company shut its X2 roller coaster at Six Flags Magic Mountain in California, citing “guest confidence.” Investor confidence is down too.
So far, safety-related moves have not affected Dorney Park and Wildwater Kingdom in South Whitehall Township.
Six Flags has stumbled since the 2024 combination with Cedar Fair, then owner of Dorney Park.
Here’s a line from the July 1, 2024 company statement announcing the completion of the deal:
“Today marks a significant milestone for our company, shareholders, guests and associates, unlocking higher value and greater opportunities to deliver engaging entertainment experiences,” said Richard Zimmerman, then president and chief executive. He’s now out and several parks have been sold or closed.
It was a significant milestone indeed, although not as intended. The company’s debt is significant too, around $5 billion.
Six Flags is an amusement company but it’s also a real estate company. At least one big shareholder is pushing for a sale of the entire company. A Maryland park was closed and sold for development.
The shares (NYSE:FUN) were trading at $9.30 at 12:42 p.m. today.
