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Cedar Fair (FUN) Dropped On Preliminary Revenues

Cedar Fair (FUN) reported preliminary revenues through July 8 of $563 million Wednesday morning. The number was down 2 percent from the same period last year.

Cedar Fair gapped open sharply lower Wednesday and slipped further in early trade, before settling into a range. The stock closed down by 5.13 at $59.38 with volume at over an 11-month high. Cedar Fair tumbled to a new low for the year.

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