Madison Square Garden Sports decides to spin off New York Rangers
MSGS Madison Square Garden Sports Corp
$413.41 +3.35%
View chart & analysis → - 1Madison Square Garden Sports will spin off the New York Rangers hockey business from the New York Knicks.
- 2MSG Sports stock has risen by more than 50% this year.
- 3Over the three-year period, the spinoff stock outperformed the Morningstar Value Weighted Market Index total return by 6%.
So what's the key point?
Madison Square Garden Sports has decided to separate its New York Rangers hockey business. The stock price has risen by over 50% this year, performing better than the market return.
Source Fortune · View original ↗
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