Bottom Fishing In SeaWorld Entertainment?

SeaWorld Entertainment Inc SEAS shares are trading higher by $0.02 at $18.16 in Monday's session. On Thursday, the issue revisited its four month lows ($17) reaching $17.08 when the company announced a Q3 EPS results that missed Wall Street's estimates. As a result, the issue was downgraded at Goldman Sachs from Buy to Neutral.

Just before 1:00 p.m. Monday, in a surprise move, the company announced it would be phasing out its Killer Whale Show. Back in July 2010, one of its killer whales killed a trainer during a live exhibition. A similar incident took place in July 2012, but the trainer was able to survive the attack.

The company, which did not go public until April 2013, ended its first day of trading at $33.52 and peaked in May at $39.65. Since making that high, most owners of the issue have been under water. It made its all time low in December 2014 as the issue sank to $15.11 do to end of the year tax loss selling, but rebounded to close on December 31 at $17.90.

In Monday's session, the issue spiked to $18.83 when the announcement of the cancellation of the Killer Whale exhibit was released. However, its has surrendered all of those gains and is struggling to stay green for the session.