Sphere Entertainment Co’s recently made public 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 $3.75 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 $25.44 million.
Wolfe Research upgraded its Sphere Entertainment Co [SPHR] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who decreased its forecast for the stock in early September from “a Hold” to “a Sell”. JP Morgan also remained covering SPHR and has increased its forecast on August 16, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Seaport Research Partners revised its rating on August 07, 2024. It rated SPHR as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SPHR
On Tuesday, Sphere Entertainment Co [NYSE:SPHR] saw its stock jump 6.35% to $48.91. Over the last five days, the stock has gained 11.67%. Sphere Entertainment Co shares have risen nearly 44.02% since the year began. Nevertheless, the stocks have risen 39.82% 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 $44.15, while 200 days put it at $40.90.
Levels Of Support And Resistance For SPHR Stock
The 24-hour chart illustrates a support level at 45.92, which if violated will result in even more drops to 42.93. On the upside, there is a resistance level at 50.65. A further resistance level may holdings at 52.39. The Relative Strength Index (RSI) on the 14-day chart is 65.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.71, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.88%. Stochastics %K at 74.81% indicates the stock is a holding.
How much short interest is there in Sphere Entertainment Co?
A steep rise in short interest was recorded in Sphere Entertainment Co stocks on 2024-09-30, growing by 0.16 million shares to a total of 6.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 6.56 million shares. There was a rise of 2.35%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 23, 2024 when The Benchmark Company began covering the stock and recommended ‘”a Hold”‘ rating .
