Madison Square Garden (MSG) Gives Back LeBron Gains, Plus Some
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Madison Square Garden, Inc. (NYSE: MSG), which owns the New York Knicks, is down another 4.3 percent today after LeBron James decided to go to the Miami Heat.
After running 6.4 percent on Tuesday on speculation that he could go to the Knicks, the stock gave back 5.5 percent yesterday.
The stock ran as high as $21.91 per share on the speculation, and now trades at $19.51.
The stock has now given back all the LeBron speculation gains, plus some. Shares were at about $20.00 before the speculation gains.
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After running 6.4 percent on Tuesday on speculation that he could go to the Knicks, the stock gave back 5.5 percent yesterday.
The stock ran as high as $21.91 per share on the speculation, and now trades at $19.51.
The stock has now given back all the LeBron speculation gains, plus some. Shares were at about $20.00 before the speculation gains.
Market Moving News and Intelligence - Free Sign-Up
http://www.streetinsider.com/premium_content.php
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