Why SeaWorld Entertainment (SEAS) Stock Is Soaring In Afternoon Trading

NEW YORK (TheStreet) -- SeaWorld Entertainment (SEAS) stock rose by 4.30% to $30.59 on Tuesday afternoon after starting the day lower. The stock's turnaround followed a report that the marine mammal amusement park was able to stall a proposed bill that would ban killer whale (orca) shows in California.

A California legislative panel put off the action for one year, choosing to study the matter further after the company said it would seek damages if the bill was signed into law.

The ban would force SeaWorld San Diego to close down one of its most popular attractions.

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