Premier live entertainment and media company Sphere Entertainment made headlines this weekend with the opening of its Las Vegas venue. 😮
The Sphere is a “next-generation entertainment medium” where people experience a fresh take on live entertainment in its dome-shaped arena with wall-to-wall video screens. And it debuted this weekend in Las Vegas with a performance from the rock band U2 on both Saturday and Sunday.
The solid opening weekend had investors feeling optimistic about the company’s plans to host future live concerts and sporting events. $SPHR shares soared 11.11% on a down day for the market, bringing the stock “full circle” back to its IPO price. 🔄
It’s been a rough ride for its investors, with three years of no returns. But who knows, maybe this can create some sustainable energy back into the stock. Time will tell, and we’ll certainly be entertained watching it either way. 👀