Madison Square Garden Rises 11% On Unusual Volume

Shares of Madison Square Garden Inc.

have been very active in Monday's trading session. The stock has risen 11% to $28.52 on news that the NBA will go ahead with a 66-game season starting December 25 after a lockout was ended. Madison Square Garden (

) owns the New York Knicks and the MSG cable network along with Madison Square Garden itself. Volume has been heavy in the name with more than 900,000 shares already changing hands on the session compared to a daily average of just 332,000. The Madison Square Garden Company (Madison Square Garden), formerly Madison Square Garden, Inc., is a fully-integrated sports, entertainment and media business. The Company has three segments: MSG Media, MSG Entertainment and MSG Sports.