Sphere Entertainment stock soars more than 10% after Las Vegas venue opening

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Sphere Entertainment stock soars more than 10% after Las Vegas venue opening
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Sphere Entertainment's stock jumped more than 10% after the company opened its newest venue in Las Vegas over the weekend.

The move follows the company's newest venue opening in Las Vegas over the weekend, with a performance from U2.The Sphere is seen during its opening night with the U2:UV Achtung Baby Live concert at the Venetian Resort in Las Vegas on Sept. 29, 2023.shares soared more than 10% Monday morning following the successful opening weekend of the company's new Las Vegas venue.

of New York Knicks owner James Dolan, paired its venue opening with a performance from rock band U2 on both Saturday and Sunday night. The Sphere plans to host live concerts and sporting events.to have a big turnout.a "next-generation entertainment medium" that aims to bring a fresh take to live entertainment, fit with a futuristic dome-shaped arena and wall-to-wall video screens. The Las Vegas venue is the company's first opening.The company's market cap sits at about $1.

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