Six Flags Stock Surges After Report Of Travis Kelce Joining Activist Investor Campaign

Benzinga

Six Flags shares jumped nearly 18% after reports that Travis Kelce joined Jana Partners’ activist campaign. The group’s 9% stake and push for strategic changes sparked optimism about potential value-boosting moves or a sale.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Six Flags shares surged Tuesday after the Wall Street Journal reported that NFL star Travis Kelsey

00:06joined activist investor Janna Partners to push for changes in the company, according to the Wall Street Journal.

00:11He required a 9% stake in Six Flags and is pushing for strategic changes to live in its underperforming stock.

00:18He used to feel investor optimism as activist campaigns often signal potential corporate actions to boost shareholder value.

00:24Investors drove Six Flags shares higher Tuesday on expectations that activist pressure

00:28could unlock value through marketing improvements, better customer experience, or a potential sale.

00:33Travis Kelsey's involvement amplifies public attention and signals that significant profitable changes may be forthcoming.

00:39Six Flags Entertainment shares closed Tuesday up 17.73% and $25.63, according to Benzinga Pro.

00:47For all things money, visit Benzinga.com.

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