Large Inflow of Money Witnessed in Cedar Fair L.P.

Cedar Fair L.P. (NYSE:FUN) : $2.26 million worth of transactions were on upticks in Cedar Fair L.P. (NYSE:FUN), compared to $1.86 million on downticks. The ratio between the two was 1.22, whereas, the net money flow stood at a healthy $0.4 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $0.01million worth of trades. The total money flow into the stock stood at $0.01 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.21%. The stock was trading at $56.83, with a drop of $0.12 over the previous days close. The stock recorded -2.27% for the week.


In an insider trading activity,The officer (Senior VP, Administration) of Cedar Fair L P, Freeman Craig J sold 1,794 shares at $60.03 on June 1, 2016. The Insider selling transaction had a total value worth of $107,694. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 1.9% of Cedar Fair L.P. shares according to the proxy statements. Institutional Investors own 51.4% of Cedar Fair L.P. shares.

The company shares have rallied 4.13% from its 1 Year high price. On Mar 18, 2016, the shares registered one year high at $60.23 and the one year low was seen on Jan 14, 2016. The 50-Day Moving Average price is $58.44 and the 200 Day Moving Average price is recorded at $56.60. Cedar Fair L.P. (NYSE:FUN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.55 and $56.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.96, notching a gain of 0.02% for the day. The total traded volume was 115,145 . The stock had closed at $56.95 on the previous day.

Cedar Fair, L.P. is an operator of regional amusement parks. The Company owns 11 amusement parks, three outdoor water parks, one indoor water park and five hotels. Its amusement parks include Cedar Point, located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Kings Island near Cincinnati, Ohio; Canadas Wonderland near Toronto, Canada; Dorney Park & Wildwater Kingdom (Dorney Park), located near Allentown in South Whitehall Township, Pennsylvania; Valleyfair, located near Minneapolis/St. Paul in Shakopee, Minnesota; Michigans Adventure located near Muskegon, Michigan; Kings Dominion near Richmond, Virginia; Carowinds in Charlotte, North Carolina; Worlds of Fun located in Kansas City, Missouri; Knotts Berry Farm, located near Los Angeles in Buena Park, California, and Californias Great America (Great America) located in Santa Clara, California. The Company also manages and operates Gilroy Gardens Family Theme Park in Gilroy, California.

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