As this happened, JP Morgan initiated its Six Flags Entertainment Corp. [FUN] rating to an Underweight in a research note published on August 06, 2024; the price target was $50.
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Price Performance Review of FUN
On Tuesday, Six Flags Entertainment Corp. [NYSE:FUN] saw its stock fall -4.70% to $37.08. Over the last five days, the stock has lost -3.81%. Six Flags Entertainment Corp. shares have fallen nearly -6.83% since the year began. Nevertheless, the stocks have risen 1.42% over the past one year. While a 52-week high of $58.70 was reached on 07/08/24, a 52-week low of $34.04 was recorded on 01/05/24. SMA at 50 days reached $42.33, while 200 days put it at $42.93.
Levels Of Support And Resistance For FUN Stock
The 24-hour chart illustrates a support level at 36.46, which if violated will result in even more drops to 35.84. On the upside, there is a resistance level at 38.30. A further resistance level may holdings at 39.51. The Relative Strength Index (RSI) on the 14-day chart is 34.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.48%. Stochastics %K at 13.34% indicates the stock is a buying.
How much short interest is there in Six Flags Entertainment Corp.?
A steep rise in short interest was recorded in Six Flags Entertainment Corp. stocks on 2024-09-13, growing by 1.23 million shares to a total of 9.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 7.8 million shares. There was a rise of 13.63%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 26, 2024 when Mizuho began covering the stock and recommended ‘”a Buy”‘ rating along with a $56 price target.
