The bottom falls out at SeaWorld Entertainment

|About: SeaWorld Entertainment Inc. (SEAS)|By:, SA News Editor

Shares of SeaWorld Entertainment (SEAS -33.9%) crash to below $20 as the company openly acknowledges that the documentary Blackfish kickstarted a damaging lobbying campaign against the captivity of Orca which has hurt park traffic.

The stock traded in the upper $30s before the PBS show first aired.

Blackstone (BX) reportedly turned down several bids over the years for its sizable stake in SeaWorld, preferring to launch an IPO early last summer.