Sphere Entertainment, PENN Entertainment, and Madison Square Garden are the three Esports stocks to watch today, according to MarketBeat's stock screener tool. Esports stocks are shares of publicly traded companies whose core business revolves around competitive video gaming, including game publishers, tournament organizers, team franchises and hardware or streaming platform providers. Investing in esports stocks allows shareholders to gain exposure to the rapidly growing market of organized gaming competitions, in which revenue streams come from sponsorships, media rights, merchandise and in-game purchases. These companies had the highest dollar trading volume of any Esports stocks within the last several days.
Sphere Entertainment (SPHR)
Sphere Entertainment Co. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre.
Read Our Latest Research Report on SPHR
PENN Entertainment (PENN)
PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet Sportsbook and Casino brands.
Read Our Latest Research Report on PENN
Madison Square Garden (MSGS)
Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.
Read Our Latest Research Report on MSGS
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