Live Nation Entertainment, Inc. stock performance trend indicates that the stock price has rallied 7.38% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 6.44% . Looking at the past 52 week period, the stock price is up at 29.14% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Live Nation Entertainment, Inc. has a positive value of 33.24 compared to overall market.Live Nation Entertainment, Inc. is having a Relative Strength Index of 59.28 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Stocks of Live Nation Entertainment, Inc. (NYSE:LYV) rallied by 3.47% during the past week but lost 1.48% on a 4-week basis. The company has outperformed the S&P 500 by 3.22% in the past week but underperformed the index by 2.6% in the last 4 weeks.
For the current week, the company shares have a recommendation consensus of Buy. Live Nation Entertainment, Inc. (NYSE:LYV) : On Friday heightened volatility was witnessed in Live Nation Entertainment, Inc. (NYSE:LYV) which led to swings in the share price. The stock opened for trading at $29.04 and hit $29.4 on the upside , eventually ending the session at $29.25, with a gain of 0.76% or 0.22 points. The heightened volatility saw the trading volume jump to 1,354,611 shares. The 52-week high of the share price is $30.79 and the company has a market cap of $5,989 million. The 52-week low of the share price is at $20.995 .
Company has reported several Insider transactions to the SEC, on Mar 15, 2017, Margaret L Johnson (director) sold 9,000 shares at 28.63 per share price.On Feb 10, 2017, Michael Rapino (President & CEO) sold 210,000 shares at 28.73 per share price.On Dec 13, 2016, Jeffrey T. Hinson (director) sold 10,000 shares at 28.30 per share price.
Live Nation Entertainment Last issued its quarterly earnings results on Nov 7, 2016. The company reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.48. The company had revenue of $3170.42 million for the quarter, compared to analysts expectations of $2818.86 million. The companys revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.
Live Nation Entertainment, Inc. is the worlds premier live entertainment company, consisting of Live Nation, Ticketmaster and Front Line Management Group. The Company engages in producing, marketing, and selling live concerts for artists via its concert pipe. Live Nation owns and operates many venues, including House of Blues music venues and locations, such as The Fillmore in San Francisco, Nikon at Jones Beach Theatre in New York and Londons Wembley Arena. In addition, it also produces, promotes or hosts theatrical, specialized motor sports and other live entertainment events. The Company is driving major innovations in ticketing technology, marketing and service. It offers ticket sales, ticket resale services, and marketing and distribution through ticketmaster.com, an e-commerce site on the Internet. Live Nation Entertainment, Inc. was formerly known as Live Nation, Inc. and is based in Beverly Hills, California.