The Sports Index ® sports stock market, sports business, gamification, more
The Sports Index: News, stock quotes, analysis
Chicago is at the epicenter of THE $PORTS INDEX ®, sports ETFs, and options as prediction markets hone spin. Elon Musk buys into sports media. Knicks, Rangers get separate tickers. Amplify public/private franchise ETF. Levelup invest tied to trading card ROI. If Polymarket goes IPO, credit sports 70%. Much more...
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The sports index, a key player in the sports stock market, delivered updates on sports business news this Friday after the closing bell.
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Actually, two stocks of the week and investors voted pro sports with their wallets (chart shows 5-day performance for MSGK). Madison Square Garden Sports completes its spinoff of MSG Knicks (MSGK:NYSE), per Businesswire. In the process, MSG Rangers (MSGR:NYSE) becomes a new public company, per Businesswire. In a possible case of profit-taking, "ETFs are net sellers of MSG Knickerbockers (MSGS) on Oct. 27," writes Guru Focus. Profit-taking is when investors set themselves up in advance with low buy-ins, then sell high, especially after an IPO. It's not necessarily indicative of the long-term prospects for a stock. Some of those same ETFs much turn around and buy the dip, most notably after this week's broader selloff and bear market downturn.
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The BULL-BEAR leaderboard provides weekly rankings of the top bull and bottom bear in each index category, highlighting the best performers on the sports index and offering insights for index sport enthusiasts using a comprehensive sports indexer.