S&P 500
7,614.00
-0.11%
Dow Jones
51,326.00
-0.09%
Nasdaq 100
30,630.60
-0.28%
Russell 2000
2,927.38
-0.19%
FTSE 100
10,382.60
-0.05%
Nikkei 225
68,184.20
+1.01%

Investing

Knicks Coach Resignation Hurts Madison Square Garden (MSG)

Photo of Jon C. Ogg
By Jon C. Ogg Published

The Madison Square Garden Company (NYSE: MSG) is getting hit today on reports that Mike D’Antoni is resigning.  He is in his final year of his contract and he has been in a feud with Carmelo Anthony.

With all the Lin-sanity happening, Madison Square Garden is sort of acting like a proxy for the sports news flow for the teams under Madison Square Garden.  Whether or not this would really represent much key investor news out of sports news or not is one thing, but currently the vote is that it is material.

Madison Square Garden shares are down 2.2% at $32.26 and the 52-week trading range is $21.12 to $33.49.

JON C. OGG

Follow 24/7 Wall St. on Google
Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Beyond Madison Square Garden, Investors Can Soon Own the New York Knicks and New York Rangers
Jon C. Ogg |

Beyond Madison Square Garden, Investors Can Soon Own the New York Knicks and New York Rangers

Madison Square Garden has announced that the company is exploring a separation of its sports businesses from its live entertainment…

Douglas A. McIntyre |

Cablevision Value Watch: Madison Square Garden Spin-Off (CVC, MSGNV, MSG, GBL)

Cablevision Systems Corporation (NYSE: CVC) has approved the spin off of Madison Square Garden to Cablevision shareholders.  Madison Square Garden…

Goldman Sachs 4 New Conviction List Stocks Offer Dividends and Growth
Lee Jackson |

Goldman Sachs 4 New Conviction List Stocks Offer Dividends and Growth

Here are the four new stock additions to the Goldman Sachs Conviction List for October—all outstanding total return ideas for…

3 Public Companies Dominating the Sports Industry
Chris MacDonald |

3 Public Companies Dominating the Sports Industry

With the Super Bowl officially wrapped up, and the Eagles taking the mantle away from the Chiefs in an epic…

NBA Arenas With the Most Expensive Concessions
Aaron Webber |

NBA Arenas With the Most Expensive Concessions

Ever had a small heart attack when you ordered a small meal at a sports event and saw the final…

Goldman Sachs Initiates Coverage of Madison Square Garden Entertainment With Neutral Recommendation
247patrick |

Goldman Sachs Initiates Coverage of Madison Square Garden Entertainment With Neutral Recommendation

Goldman Sachs has initiated coverage of Madison Square Garden Entertainment with a Neutral recommendation.

Jon C. Ogg |

Manchester United IPO Looks Just Like Facebook IPO

OK, so how about those dual-class share structure IPOs!  There is another hot IPO coming to market.  This one has literally…

Jon C. Ogg |

America’s Most Unusual Public Companies

ThinkstockBeing publicly traded allows companies to fund expansions, compensate employees and bring attention to their products and services. It also…

Jon C. Ogg |

Defending MSG & Lin (MSG, TWC)

Gabelli & Co. has a pretty amazing upside call in Madison Square Garden Company (NYSE: MSG).  The firm’s report is…

Top Gaining Stocks

Hewlett Packard Enterprise
HPE • Vol: 153,197,465
Enphase Energy
ENPH • Vol: 8,360,053
Corning
GLW • Vol: 18,152,646
Alexandria Real Estate Equities
ARE • Vol: 4,337,015
Aptiv
APTV • Vol: 6,761,325

Top Losing Stocks

Trade Desk
TTD • Vol: 21,905,513
Intuit
INTU • Vol: 7,383,018
Coterra Energy
CTRA • Vol: 73,319,495
Cboe Global Markets
CBOE • Vol: 5,000,011
HP
HPQ • Vol: 29,259,826