MARKET-DISCOVERED GROUP
Price direction is split across 3 measured members. Capital-flow confirmation is unavailable.
No session event has enough timestamp precision to place on the clock.
THU, FEB 5MSGE filing documented shared operating contextrestructuring · date precision only
WED, FEB 11SPHR filing documented shared operating contextrestructuring · date precision only
01 · WHAT IS HAPPENING
Observed intraday paths are not available for this group yet.
02 · WHY IT MATTERS
No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.
Moderate filing support: the strongest shared 10-Q/K relation is restructuring across MSGE, MSGS, SPHR.
“80 No impairment of Sphere’s goodwill was identified as a result of this assessment as the Company concluded that the reporting unit had a sufficient safety margin, representing the excess of the estimated fair value of the reporting unit, derived from the most recent quantitative assessments, less its respective carrying value (including goodwill).”
SPHR 10-K · 2026-02-12
“Interest expense Interest expense for the year ended December 31, 2025 decreased $40,882 as compared to the prior year primarily due to (i) a reduction in the average outstanding principal balance of the MSGN Term Loan Facility as compared to the prior year, (ii) the application of troubled debt restructuring for interest recognition for the MSGN Term Loan Facility, and (iii) a reduction in commitment charges resulting from the termination of the revolving credit facility under the Prior MSGN Credit Agreement (as defined below) on October 11, 2024.”
SPHR 10-K · 2026-02-12
“Potential Interest Rate Risk Exposure The Company, through its subsidiaries, MSG Networks and MSG LV, is subject to potential interest rate risk exposure related to borrowings incurred under their respective credit facilities.”
SPHR 10-Q · 2026-05-05
Filing-linked outsiders test whether the move is spreading beyond the established cohort.
No high-confidence filing-linked outsiders are available for this group yet.
03 · WHO IS IN IT
3/2 active1 rising · 2 falling
| TICKER | Company | Role now | Today | Observed history | Trader interpretation |
|---|---|---|---|---|---|
| SPHR | Sphere Entertainment Co. | Most unusual | +0.8% | — | Most unusual activity in this snapshot; performance direction may differ. |
| MSGS | Madison Square Garden Sports Corp. | Participating | -0.8% | — | Price participation is not yet confirmed by per-name flow. |
| MSGE | Madison Square Garden Entertainment Corp. | Participating | -0.6% | — | Price participation is not yet confirmed by per-name flow. |
04 · HAS THIS HAPPENED BEFORE
No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.
Only 0 completed episodes across 0 active sessions; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.
Historical cohort observations are not available yet.