Sphere Entertainment Co’s filing revealed that its President/CEO-MSG Networks GREENBERG ANDREA unloaded Company’s shares for reported $0.62 million on Mar 08 ’24. In the deal valued at $51.00 per share,12,131 shares were sold. As a result of this transaction, GREENBERG ANDREA now holds 76,650 shares worth roughly $3.77 million.
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Then, DOLAN JAMES LAWRENCE bought 110,156 shares, generating $5,164,270 in total proceeds. Upon buying the shares at $46.88, the Executive Chairman / CEO now owns 630,195 shares.
Before that, DOLAN JAMES LAWRENCE bought 76,139 shares. Sphere Entertainment Co shares valued at $3,100,935 were divested by the Executive Chairman / CEO at a price of $40.73 per share. As a result of the transaction, DOLAN JAMES LAWRENCE now holds 520,039 shares, worth roughly $25.6 million.
JP Morgan upgraded its Sphere Entertainment Co [SPHR] rating to an Overweight from a a Neutral in a research note published on August 16, 2024; the price target was increased to $57 from $37. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. The Benchmark Company began covering SPHR with “Hold” recommendation on July 23, 2024. Seaport Research Partners revised its rating on April 08, 2024. It rated SPHR as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SPHR
On Friday, Sphere Entertainment Co [NYSE:SPHR] saw its stock jump 6.44% to $49.22. Over the last five days, the stock has gained 22.35%. Sphere Entertainment Co shares have risen nearly 44.94% since the year began. Nevertheless, the stocks have risen 29.63% over the past one year. While a 52-week high of $51.83 was reached on 03/08/24, a 52-week low of $27.02 was recorded on 01/17/24. SMA at 50 days reached $39.71, while 200 days put it at $38.73.
Levels Of Support And Resistance For SPHR Stock
The 24-hour chart illustrates a support level at 47.00, which if violated will result in even more drops to 44.79. On the upside, there is a resistance level at 51.16. A further resistance level may holdings at 53.10. The Relative Strength Index (RSI) on the 14-day chart is 70.85, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.99%. Stochastics%K at 90.31% indicates the stock is a selling.
How much short interest is there in Sphere Entertainment Co?
A steep rise in short interest was recorded in Sphere Entertainment Co stocks on 2024-07-31, dropping by -1.06 million shares to a total of 6.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 7.46 million shares. There was a decline of -16.58%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 07, 2024 when BofA Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $43 price target.
