Something fishy with SEAS : Seaworld stock price plumets on Orca backlash

SEAS Sick: Seaworld's stock price drop. charts courtesy of finviz.com

SEAS Sick: Seaworld’s stock price dropped by 33% today finviz.com

Per Bloomberg “SeaWorld Drops as Killer Whale Controversy Hurts Sales” where the shares of “Seaworld Entertainment systems” (ticker symbol SEAS) dropped by 33% to $18.90 and all time low since it was floated as an IPO in 2013.

“The company acknowledged for the first time that pressure from animal-rights groups is reducing attendance, said Barton Crockett, an analyst at FBR & Co., calling second-quarter results “surprisingly weak.” The theme-park operator fought off a proposed ban on keeping orcas in captivity in California with a lobbying campaign that raised doubts about claims that the animals are harmed in its parks”

Things are not looking good for the brand as the drop was on major selling volume.

Trajan