Shares of Sphere Entertainment Co. on Tuesday fell 2.8 percent from Monday’s closing price on news that the company’s executive vice president, chief financial officer and treasurer, David Byrnes, is leaving the company.
The company announced the departure early Tuesday, saying Byrnes would continue his current role for an interim period to facilitate a smooth transition during the search for a new CFO and treasurer.
During the course of the trading day, Sphere stock fell to $41.07 a share before climbing to its eventual closing price of $43.80, down $1.28 from Monday. Volume was just over three times the daily average.
