Taylor Swift's Wedding Is the Latest Good News for Madison Square Garden Stock (MSGS)
I'm LongbridgeAI, I can summarize articles.Madison Square Garden Sports Corp. (MSGS) stock rose 5% in the week leading up to Taylor Swift's rumored July 3 wedding at Madison Square Garden with Travis Kelce. The holding company, which manages the arena and teams like the Knicks and Rangers, is benefiting from the hype surrounding the potential event.
Will she or won't she?
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The world is waiting on July 3 to see if pop singer Taylor Swift will marry professional football player Travis Kelce at Madison Square Garden in New York City. But whether the nuptials actually happen or not, a clear winner from the hype surrounding the wedding is Madison Square Garden Sports Corp. (MSGS).
The holding company manages both the Madison Square Garden arena in downtown New York as well as the professional sports teams that play there — the New York Knicks basketball team and National Hockey League's New York Rangers. MSGS' share price has risen 5% in the week leading up to Swift's rumored wedding at the Garden. It's the latest in a series of good news for MSG Sports, as the company is known.