Sphere Entertainment stock soars 11% after Las Vegas venue opening

Shares of Sphere Entertainment surged by 11% on Monday following the highly successful debut weekend of the company’s new Las Vegas venue.

Founded as a passion project by James Dolan, the owner of the New York Knicks, Sphere Entertainment marked the opening of its venue with electrifying performances by the iconic rock band U2 on both Saturday and Sunday evenings.

The Sphere is set to become a hub for live concerts and sporting events, CNBC reported.

READ MORE: https://www.cnbc.com/2023/10/02/sphere-entertainment-stock-jumps-after-u2-performs-at-las-vegas-venue.html

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