SeaWorld Entertainment (NYSE:SEAS) has tumbled 5.56% during the past week and has dropped 13.22% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.42%. SeaWorld Entertainment (NYSE:SEAS) has underperformed the index by 14.01% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
SeaWorld Entertainment (NYSE:SEAS): The stock opened at $15.65 on Friday but the bulls could not build on the opening and the stock topped out at $15.65 for the day. The stock traded down to $15.13 during the day, due to lack of any buying support eventually closed down at $15.30 with a loss of -1.67% for the day. The stock had closed at $15.56 on the previous day. The total traded volume was 2,086,641 shares.
The company shares have dropped -21.30% from its 1 Year high price. On Apr 14, 2016, the shares registered one year high at $21.85 and the one year low was seen on Jun 17, 2016. The 50-Day Moving Average price is $17.51 and the 200 Day Moving Average price is recorded at $18.68.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Reilly John T, officer (Chief Parks Operations Officer) of Seaworld Entertainment, Inc., had unloaded 1,214 shares at an average price of $20.8 in a transaction dated on April 15, 2016. The total value of the transaction was worth $25,251.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Credit Suisse downgrades its rating on SeaWorld Entertainment (NYSE:SEAS).The analysts at the brokerage house have a current rating of Underperform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. In a recent information released to the investors, Credit Suisse lowers the new price target from $27 per share to $15 per share. The rating by the firm was issued on May 11, 2016. Currently the company Insiders own 2.8% of SeaWorld Entertainment shares according to the proxy statements. Institutional Investors own 96.29% of SeaWorld Entertainment shares.
SeaWorld Entertainment, Inc. (SeaWorld) is a theme park and entertainment company. It owns or licenses a portfolio of brands including SeaWorld, Shamu and Busch Gardens. It has 11 destination and regional theme parks that are located across the United States. Its theme parks feature an array of rides, shows and other attractions. The Company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas, and San Diego, California, and Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia. The Company operates water park attractions in Orlando, Florida (Aquatica); San Diego, California (Aquatica); Tampa, Florida (Adventure Island), and Williamsburg, Virginia (Water Country USA). The Company also operates a reservations-only attraction offering interaction with marine animals (Discovery Cove) and a seasonal park in Langhorne, Pennsylvania (Sesame Place).