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Sphere Entertainment Co. (SPHR) Traded Lower Due to Profit Taking

Ariel Investments, an investment management company, released its “Ariel Fund” first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter of 2025, the majority of the main U.S. indices saw a decline. Even though Wall Street is tense and markets are still volatile, the firm is taking advantage of the turbulence by carefully purchasing the undervalued stock of quality companies whose value should be realized over the long term. Against this backdrop, Ariel Fund returned -8.00% in the quarter, lagging both the Russell 2500 Value and Russell 2000...