‘APT’ Drives YG Entertainment Stock Gain for Second Week; UMG Shares Slip Despite Post-Earnings Rally

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‘APT’ Drives YG Entertainment Stock Gain for Second Week; UMG Shares Slip Despite Post-Earnings Rally
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ROSÉ and Bruno Mars' 'APT' drove YG Entertainment's stock gain to 4.3% this week as the track continued its hot streak.

continued its hot streak. A week after YG’s stock gained 6.1% following the track’s blockbuster start on streaming services, the track. While YG continues to manage BLACKPINK, ROSÉ signed with THEBLACKLABEL for the management of her solo career.

Reservoir Media fell 3.5% to $8.25 following its earnings release on Wednesday which showed solid 6% revenue growth. The stock did not get a bump from Reservoir’s slightly upgraded full-year guidance nor B. Riley’sThe 20-company Billboard Global Music Index was essentially flat for the week, rising 0.3% to 1,995.67 despite having just seven gainers as opposed to 13 stocks that lost ground. The small increase brought the index’s year-to-date gain to 30.

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