The cluster of C-suite and director open-market buys post-earnings is a modest bullish signal per the insider-buy literature, but the dollar amount is too small to move the stock. Monitor for additional insider buying or a material improvement in operating cash flow before taking a position.
Price Chart
Executive Summary
Two insiders at Six Flags, including Executive Chair Richard Haddrill, made open-market purchases totaling $239K on May 12, 2026, just days after the company reported Q1 2026 results. The purchases come after a 12% revenue increase but a wider net loss and $5.27B in net debt, suggesting insiders see value at current levels despite deep unprofitability.
Key Financial Metrics
Key Facts
- Executive Chair Richard Haddrill purchased 10,000 shares at $19.08 for $191K on May 12, 2026
- Director Marilyn Spiegel purchased 2,500 shares at $19.13 for $48K on May 12, 2026
- Total insider purchases of $239K represent ~0.012% of $2.0B market cap
- Purchases occurred 5 days after Q1 2026 earnings (revenue +12% YoY to $225.6M, net loss widened to $268.6M)
- Q1 Adjusted EBITDA loss improved to $123M from $171M; attendance up 4%, active pass base up 6%
Financial Impact
Insider purchases of $239K are trivial relative to $2.0B market cap (0.012%)
Risk Factors
- Net debt of $5.27B remains a significant overhang despite revenue growth
- Wider net loss of $268.6M in Q1 2026 vs $219.7M in Q1 2025
- Insider purchase size is only 0.012% of market cap, limiting signal strength
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FUN-1778793384141 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 6, 2026 10w ago | 8-K | $15.75 $15.03 | ▼ −4.57% | ▼ −5.17% | $8.11 (−48.51%) |
Jun 12, 2026 18w ago | Institutional Cluster | $23.44 $19.46 | ▼ −16.98% | ▼ −18.76% | $8.11 (−65.40%) |
Jun 11, 2026 18w ago | Institutional Cluster | $24.39 $18.65 | ▼ −23.53% | ▼ −25.43% | $8.11 (−66.75%) |
May 27, 2026 20w ago | 8-K | $20.30 $22.01 | ▲ +8.42% | ▲ +11.57% | $8.11 (−60.05%) |
May 27, 2026 20w ago | 3 | $20.30 $22.01 | ▲ +8.42% | ▲ +11.57% | $8.11 (−60.05%) |
May 27, 2026 20w ago | 3 | $20.30 $22.01 | ▲ +8.42% | ▲ +11.57% | $8.11 (−60.05%) |
May 20, 2026 21w ago | 8-K | $19.72 $22.81 | ▲ +15.67% | ▲ +15.34% | $8.11 (−58.87%) |
May 12, 2026 22w ago | Insider Cluster | $18.90 $23.14 | ▲ +22.43% | ▲ +24.16% | $8.11 (−57.09%) |
May 7, 2026 23w ago | 8-K | $22.01 $20.72 | ▼ −5.86% | ▼ −5.88% | $8.11 (−63.15%) |
May 7, 2026 23w ago | 8-K | $22.76 $20.29 | ▼ −10.85% | ▼ −13.99% | $8.11 (−64.37%) |
US Market Status
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