On a relative basis, the stock has outperformed the S&P 500 by 2.06% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.11% in the last 1 week, and is up 1.51% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.8% and the 50-Day Moving Average is 3.42%.The 200 Day SMA reached 16.06%
Live Nation Entertainment (NYSE:LYV): The stock opened in the green at $27.65 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $27.75 and a low of $27.39 for the day. The stock did not find buyers even at the lows and closed at $27.48 recording a loss of -0.07%. 1,217,949 shares exchanged hands during the trading day. The stock had closed at $27.48 in the previous days trading.
Live Nation Entertainment (LYV) : 7 Wall Street analysts covering Live Nation Entertainment (LYV) believe that the average level the stock could reach for the short term is $31. The maximum price target given is $34 and the minimum target for short term is around $29, hence the standard deviation is calculated at $1.63.
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.