FUN Stock Summary and Trading Ideas (Cedar Fair | NYSE:FUN)

Cedar Fair LP operates amusement park resorts located in various states across the USA and Canada. All their parks have facilities for people from all age groups as well as exciting rides and attractions. The Partnership's portfolio of parks includes Cedar Point, Kings Island, Canada's Wonderland, Dorney Park and the Wildwater Kingdom, Valleyfair, Michigan's Adventure, Kings Dominion, Carowinds, Worlds of Fun, Knott's Berry Farm, and California's Great America. Other than these parks, the partnership also holds a contract to operate a few other parks. Revenues are obtained from amounts paid to gain admission to parks including parking fees, extra-charge attractions, and others.

Cedar Fair trades on the NYSE stock market under the symbol FUN.

As of April 18, 2024, FUN stock price declined to $38.46 with 98,084 million shares trading.

FUN has a beta of 0.61, meaning it tends to be less sensitive to market movements. FUN has a correlation of 0.05 to the broad based SPY ETF.

FUN has a market cap of $1.96 billion. This is considered a Small Cap stock.

Last quarter Cedar Fair reported $371 million in Revenue and -$.19 earnings per share. This beat revenue expectation by $4 million and missed earnings estimates by -$.47.

In the last 3 years, FUN stock traded as high as $62.56 and as low as $34.04.

The top ETF exchange traded funds that FUN belongs to (by Net Assets): PKW, HKND.

FUN has underperformed the market in the last year with a price return of -3.2% while the SPY ETF gained +22.3%. FUN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.2% and -5.6%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

FUN support price is $37.87 and resistance is $39.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FUN stock will trade within this expected range on the day.