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IS THE UMG IPO PUTTING A SPARK IN WMG STOCK?

With Universal Music Group’s IPO capturing the attention of investors around the world, Warner Music Group has been enjoying a nice bounce in its own stock price.

WMG came out of the gate 9/21 with a 9% bounce from Monday’s close. In early trading, it posted a $43.93 share price.

During the build-up to Vivendi's spin-off of UMG, Warner has basked in a healthy bump: The stock is up more than 21% over the last 30 days and 35% in the last six months.

Sony Corp., which counts the music unit as one of its strongest performers over the last two years, is up 3.5% at midday to $112.33, its highest price since 4/16.

Are pure music companies about to go on an extended bullish run? Stay tuned.

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