LeBron James and Madison Square Garden Stock

| About: The Madison (MSG)

On July 7, the stock gapped up on speculation that Lebron may sign with the Knicks. After filling the gap, the stock rallied at the close to 21.90. Yesterday, the stock gapped down at the open to about 20.8 on rumors that LeBron will most likely end up at Miami and closed around 20.38. Madison Square Garden (NASDAQ:MSG) was a high volume stock yesterday 2.56 million, average is 290,000. See graph below (click to enlarge).