Madison Square Garden Entertainment Corp.’s recent filing unveils that 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 $5.74 million.
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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 $10.8 million.
Goldman upgraded its Madison Square Garden Entertainment Corp. [MSGE] rating to a Buy from a a Neutral in a research note published on July 24, 2024; the price target was increased to $45 from $41. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. JP Morgan began covering MSGE with “Neutral” recommendation on August 11, 2023. Macquarie started covering the stock on June 01, 2023. It rated MSGE as “an Outperform”.
Price Performance Review of MSGE
On Monday, Madison Square Garden Entertainment Corp. [NYSE:MSGE] saw its stock fall -0.88% to $36.98. Over the last five days, the stock has gained 3.32%. Madison Square Garden Entertainment Corp. shares have risen nearly 16.33% since the year began. Nevertheless, the stocks have risen 14.38% over the past one year. While a 52-week high of $41.58 was reached on 05/03/24, a 52-week low of $27.55 was recorded on 01/03/24. SMA at 50 days reached $35.85, while 200 days put it at $35.12.
Levels Of Support And Resistance For MSGE Stock
The 24-hour chart illustrates a support level at 36.48, which if violated will result in even more drops to 35.97. On the upside, there is a resistance level at 37.62. A further resistance level may holdings at 38.26. The Relative Strength Index (RSI) on the 14-day chart is 49.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.43%. Stochastics%K at 51.64% 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
The most recent change occurred on May 26, 2023 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $40 price target.
