In a filing, Madison Square Garden Entertainment Corp. revealed its Executive Chairman / CEO DOLAN JAMES LAWRENCE unloaded Company’s shares for reported $1.41 million on Mar 06 ’24. In the deal valued at $38.10 per share,37,000 shares were sold. As a result of this transaction, DOLAN JAMES LAWRENCE now holds 155,143 shares worth roughly $6.17 million.
Then, DOLAN JAMES LAWRENCE sold 100,000 shares, generating $3,819,790 in total proceeds. Upon selling the shares at $38.20, the Executive Chairman / CEO now owns 192,143 shares.
Before that, DOLAN JAMES LAWRENCE sold 28,796 shares. Madison Square Garden Entertainment Corp. shares valued at $1,085,764 were divested by the Executive Chairman / CEO at a price of $37.71 per share. As a result of the transaction, DOLAN JAMES LAWRENCE now holds 292,143 shares, worth roughly $11.62 million.
BofA Securities initiated its Madison Square Garden Entertainment Corp. [MSGE] rating to a Buy in a research note published on August 22, 2023; the price target was $41. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid August with a ‘”a Neutral”‘ rating. Macquarie began covering MSGE with “an Outperform” recommendation on June 01, 2023. Morgan Stanley started covering the stock on May 26, 2023. It rated MSGE as “an Equal-weight”.
Price Performance Review of MSGE
On Tuesday, Madison Square Garden Entertainment Corp. [NYSE:MSGE] saw its stock jump 0.03% to $39.79. Over the last five days, the stock has gained 0.35%. Madison Square Garden Entertainment Corp. shares have risen nearly 25.17% since the year began. SMA at 50 days reached $37.48, while 200 days put it at $33.44. A total of 0.17 million shares were traded, compared to the trading of 0.24 million shares in the previous session.
Levels Of Support And Resistance For MSGE Stock
The 24-hour chart illustrates a support level at 39.48, which if violated will result in even more drops to 39.17. On the upside, there is a resistance level at 40.05. A further resistance level may holdings at 40.31. The Relative Strength Index (RSI) on the 14-day chart is 65.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.33%. Stochastics %K at 79.99% indicates the stock is a holding.
How much short interest is there in Madison Square Garden Entertainment Corp.?
A steep rise in short interest was recorded in Madison Square Garden Entertainment Corp. stocks on Mar 15, 2024, dropping by 20000.0 shares to a total of 1.96 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.98 million shares. There was a decline of -1.02%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.93% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.81.
The most recent change occurred on May 26, 2023 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $40 price target.
