Shares of Cedar Fair L.P. (FUN) Sees Large Outflow of Money

Cedar Fair L.P. (FUN) : Tuesdays money flow analysis of Cedar Fair L.P. (FUN) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $2.57 million. In comparison, the inflow of money on upticks was a meager $0.9 million. The dollar value of composite uptick trades minus the downtick trades was negative $1.67 million. The uptick to downtick ratio of 0.35 in the money flow shows weakness. The downtick transaction value was high at $2 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($2 million). Cedar Fair L.P. (FUN) gained $0.01 at $57.12, a change of 0.02% over the previous days close.


Also, Equity analysts at the Brokerage firm Macquarie upgrades its rating on Cedar Fair L.P. (NYSE:FUN). The rating major has initiated the coverage with outperform rating on the shares. The rating by the firm was issued on July 8, 2016.

Cedar Fair, L.P. has lost 2.77% in the last five trading days and dropped 2.82% in the last 4 weeks. Cedar Fair, L.P. has dropped 3.79% during the last 3-month period . Year-to-Date the stock performance stands at 4.75%.

Cedar Fair L.P. (NYSE:FUN): The stock opened at $57.36 on Tuesday but the bulls could not build on the opening and the stock topped out at $57.36 for the day. The stock traded down to $56.77 during the day, due to lack of any buying support eventually closed down at $56.87 with a loss of -0.42% for the day. The stock had closed at $57.11 on the previous day. The total traded volume was 401,769 shares.

In a related news,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.

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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