Looks like someone out there is bullish on theme parks being open some time soon. Nothing overly optimistic happened today to boost the stocks but maybe just a general bullish sentiment on states starting to open up.
Why Six Flags, SeaWorld, Cedar Fair, and Disney Stock Rocketed Higher on Monday | The Motley Fool
Amusement parks got a shot in the arm as investors started to think about a future beyond the COVID-19 shutdown.www.fool.com
Well, if you believe they'll weather this, then their stock will eventually return to where it was before. And since their stock was so low, it's a chance for a big gain.
A lot of these wild fluctuations are speculators who have no concern for long term investment but want to game the ups and down in microsecond transactions. They're investing in people's skittishness and wagon training and competing against other short term speculators.
So, they don't care if the parks will survive and grow in value and equity over time, they care if their stocks will surge or plummet.