Sphere Entertainment Shares Fall After Craig-Hallum Downgrade
MT newswire2026/10/05 19:4803:48 PM EDT, 10/05/2026 (MT Newswires) -- Sphere Entertainment (SPHR) shares fell nearly 14% in Monday trading after Craig-Hallum downgraded the stock to hold from buy, and trimmed the price target to $132 per share from $170. Trading volumes stood at about 2.3 million, compared with the daily average of more than 656,237 shares. Price: 110.53, Change: -17.72, Percent Change: -13.82
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Rumor: Tesla (TSLA.US) and SpaceX (SPCX.US) plan Terafab monthly production of one million wafers, feasibility questioned
According to reports, Tesla (TSLA.US) and SpaceX (SPCX.US) plan to achieve a production capacity of 1 million semiconductor wafers per month at the proposed Terafab factory starting in 2032.
Eurozone Sentix Investor Confidence Index slips to 2.4 in November from 2.7 in October
SoftBank develops contingency plans for slowdown in US data center business, considers shifting to other countries
A new twist has emerged in the US AI data center investment boom. SoftBank is preparing for cooling US demand and a deteriorating political environment, and does not rule out shifting data center construction priorities to other countries. As cross-border computing power delivery capability improves and investment returns come under question, the logic behind AI infrastructure expansion is loosening, and over $3.5 trillion in infrastructure investment now faces potential impairment risks.
Crypto prices
More
