Deals
SeaWorld Slumps After Slashing Prices Amid Decline in Attendance
This article is for subscribers only.
SeaWorld Entertainment Inc. fell to its lowest level since the stock began trading in April after it slashed ticket prices amid a drop in attendance.
The Orlando, Florida-based company, which sold $807 million in shares in an initial public offering, dropped 6.5 percent to $29.70 at the close in New York, its lowest price since the company went public on April 19. The decline pared SeaWorld’s increase over the $27-a-share IPO price to 10 percent.