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Six Flags Stock Plunges 14% After Man Dies Falling From Goliath Roller Coaster in Georgia

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Six Flags Entertainment Corporation $FUN

$10.20-14.44%as of publication

5D Change
-15.53%
Notional
$142.97M

Six Flags Entertainment shares fell as much as 16% on Tuesday, touching a 52-week low of $10.44, after a man died and several others were injured in an incident on the Goliath roller coaster at Six Flags Over Georgia, an amusement park roughly 15 miles northwest of Atlanta. Police identified the victim as Hassan Jihad Ibn Kariem, 42, who was ejected from the ride on Monday before authorities detailed the incident publicly on Tuesday.

In response to the accident, Six Flags temporarily closed nine roller coasters across six parks nationwide as a precautionary measure while the investigation continues. Cobb County authorities are leading the inquiry into what caused the fatality, and no official cause has been released.

The stock, trading under the ticker FUN, closed down approximately 14% on the session after earlier reaching that 52-week intraday low, reflecting investor concern over potential liability, reputational damage, and the operational disruption of shuttering rides across multiple properties during the fall season.

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Sources

  1. MarketwatchSix Flags’ stock slumps near 52-week lows after fatal accident
  2. SeekingAlphaSix Flags slides as police detail fatal roller coaster incident $FUN #investing #stockmarket #business
  3. Seeking AlphaSix Flags Entertainment plunges 14% after fatal roller coaster incident