The Sphere in Las Vegas is one of the most iconic developments of 2023, and investors can buy a piece of the business with Sphere Entertainment (SPHR -1.68%). But the company announced yesterday that it intends to raise $225 million in convertible debt for unknown uses, and that caused the stock to sink.
In this video, Travis Hoium discusses the potential capital raise, early results from the quarter, and why this is still a stock investors should be cautious about.
*Stock prices used were end-of-day prices of Dec. 5, 2023. The video was published on Dec. 6, 2023.
