Monday was rocky for Six Flags investors as stock prices tumbled on news that the amusement park company temporarily closed several properties due to the impacts of Hurricane Irene.
But prices rebounded in late trading, closing up 0.62 percent on the day at $33.98.
The company said Monday it shuttered Six Flags Great Adventure, Six Flags America, Six Flags New England, The Great Escape and La Ronde for all or part of the weekend. Six Flags noted that it doesn’t normally share interim quarerly data but said it was making an exception because “closing so many parks over a busy summer weekend will negatively impact the company’s financial performance in the third quarter of 2011.”
The company said it wasn’t aware of any physical damage to parks are a result of the hurricane, but it was still performing cleanup activities and testing power systems.
Once that process is complete, all affected parks will reopen, the company said.