Six Flags Inc., the second-biggest U.S. theme-park operator, fell as much as 16 percent after the weekend death of a teenager who was struck and killed by a roller-coaster ride at its Six Flags Over Georgia park.
Six Flags sank 16 cents to $1.19 at 1:50 p.m. Central in New York Stock Exchange composite trading after dropping as low as $1.13, the largest decline since Nov. 9, when the company reported third-quarter profit and sales that were below analysts’ estimates.
The 17-year-old victim, who was visiting the park from South Carolina, was decapitated by the Batman the Ride roller coaster on June 28 after he and another youth scaled two 6-foot (2-meter) fences to enter a restricted area, which was clearly marked with warning signs, spokeswoman Hela Sheth said in a statement.
Police and park officials were trying to determine why the teens went into the restricted area, she said.
“We anticipate reopening the ride today,” Sheth said at noon local time, two hours after the park opened.
It was the second death in connection with the Batman ride, which travels at speeds of up to 50 miles (80 kilometers) an hour, since it opened in 1997. A maintenance worker in a restricted area was hit in the head by a rider’s foot and killed in 2002.