The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Sphere Entertainment Co shares valued at $1,871,749 were sold by Charles F. Dolan 2009 Revocabl on Mar 10 ’25. At $33.80 per share, Charles F. Dolan 2009 Revocabl sold 55,385 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, The Charles F. Dolan 2009 Revo purchased 55,385 shares, netting a total of over 1,929,060 in proceeds.
As published in a research note from Wolfe Research on October 02, 2024, Sphere Entertainment Co [SPHR] has been rated up from a Peer perform to an Outperform and the price target has been revised to $60. Analysts at The Benchmark Company downgraded the stock from ‘”a Hold”‘ to ‘”a Sell”‘ outlook in a report released in early September. As of August 16, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for SPHR. Earlier on August 07, 2024, Seaport Research Partners upgraded its rating. Their new recommendation was “a Buy” for SPHR stock which previously was a “a Neutral”.
Analyzing SPHR Stock Performance
During the last five days, there has been a drop of approximately -17.41%. Over the course of the year, Sphere Entertainment Co shares have dropped approximately -23.26%. Shares of the company reached a 52-week high of $49.12 on 02/18/25 and a 52-week low of $30.62 on 03/13/25. A 50-day SMA is recorded $42.53, while a 200-day SMA reached $41.66.
Support And Resistance Levels for Sphere Entertainment Co (SPHR)
According to the 24-hour chart, there is a support level at 30.41, which, if violated, would cause prices to drop to 29.89. In the upper region, resistance lies at 31.67. The next price resistance is at 32.41. RSI (Relative Strength Index) is 19.66 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.34, which suggests the price will decrease in the coming days. Percent R is at 98.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
