NYSE:FUN 21 October 2025 - 22 October 2025

Six Flags shares surged 17–18% on Oct. 21 after Jana Partners revealed a 9% stake and NFL star Travis Kelce joined its activist campaign. The company, formed by the July 2024 merger with Cedar Fair, reported Q2 revenue of $930 million and weak earnings, citing poor weather and lower attendance. CEO Richard Zimmerman will step down by year-end as board changes continue.

Six Flags shares jumped nearly 20% on Oct. 21 after Jana Partners disclosed a 9% stake and announced a campaign with NFL star Travis Kelce to revamp the company. Land & Buildings, with a 2% stake, is also pushing for a real-estate spin-off. The stock remains down over 55% year-to-date despite the rally. Board changes and CEO Richard Zimmerman’s planned retirement were also confirmed.