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 $5.97 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 $11.23 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 fall -0.36% to $38.45. Over the last five days, the stock has lost -3.37%. Madison Square Garden Entertainment Corp. shares have risen nearly 20.95% since the year began. SMA at 50 days reached $38.01, while 200 days put it at $33.60. A total of 0.29 million shares were traded, compared to the trading of 0.43 million shares in the previous session.
Levels Of Support And Resistance For MSGE Stock
The 24-hour chart illustrates a support level at 38.13, which if violated will result in even more drops to 37.82. On the upside, there is a resistance level at 38.74. A further resistance level may holdings at 39.03. The Relative Strength Index (RSI) on the 14-day chart is 47.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.63%. Stochastics %K at 28.10% indicates the stock is a holding.
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.
