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MSG - Why Madison Square Garden Stock Lost 13% Last Month
The Madison Square Garden Company Class A
Shares of Madison Square Garden (NYSE: MSG) took a dive last month after the live entertainment specialist posted an underwhelming earnings report and revealed cost overruns associated with its new Vegas area, Las Vegas Sphere. According to data from S&P Global Market Intelligence, the stock finished August down 13%.
As you can see from the chart below, the stock dove 9% on August 20 and continued to slide from there.