Shares of SeaWorld Entertainment Inc. were up 5% Monday morning after Ivory Cove Ltd. reported a 5.2% stake in the company. This investment would make Ivory Cove the fourth-largest shareholder in the company, according to FactSet. Shares of SeaWorld have gained 7% in the past month, compared to the S&P 500’s loss of 1%. Year to date, shares of SeaWorld have fallen 28.5% compared to the S&P 500’s gain of 6%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News