Live Nation Entertainment (NYSE:LYV) : During the past 4 weeks, traders have been relatively bearish on Live Nation Entertainment (NYSE:LYV), hence the stock is down -1.67% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.68% relative to the S&P 500. The stock has risen by 0.6% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.08% in the past 4 weeks.
The company shares have dropped -13.68% from its 1 Year high price. On Oct 30, 2015, the shares registered one year high at $29.68 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $23.64 and the 200 Day Moving Average price is recorded at $22.52.
The stock has recorded a 20-day Moving Average of 1.06% and the 50-Day Moving Average is 1.69%.
Live Nation Entertainment (NYSE:LYV): stock turned positive on Friday. Though the stock opened at $23.66, the bulls momentum made the stock top out at $23.85 level for the day. The stock recorded a low of $23.49 and closed the trading day at $23.66, in the green by 1.07%. The total traded volume for the day was 1,479,749. The stock had closed at $23.41 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Enloe Robert Ted Iii, director of Live Nation Entertainment, Inc., had unloaded 5,363 shares at an average price of $23.54 in a transaction dated on June 13, 2016. The total value of the transaction was worth $126,245.
Live Nation Entertainment, Inc. (Live Nation) is a live entertainment company. The Company core businesses consist of the promotion of live events, including ticketing, sponsorship and advertising, and artist management. The Company operates through four segments: segments are Concerts, Ticketing, Artist Nation and Sponsorship & Advertising. It connects around 519 million fans across its platforms in 33 countries. The Company is a producer of live music concerts around the world that connects nearly 59 million fans to almost 23,000 events for over 2,700 artists. The Concerts segment is involved in the global promotion of live music events. The Ticketing segment is primarily an agency business that sells tickets for events. The Artist Nation segment is a provider of management services to music artists. The Sponsorship & Advertising segment, through a sales force, creates and maintains relationships with sponsors to allow businesses to reach customers.