28-Mar-2024
TipRanks (Thu, 28-Mar 9:11 AM ET)
PRNewswire (Fri, 22-Mar 10:45 PM ET)
Business Wire (Fri, 8-Mar 6:23 PM ET)
Globe Newswire (Sun, 3-Mar 11:00 PM ET)
Globe Newswire (Tue, 27-Feb 11:34 AM ET)
Live Nation Entertainment Reports Full Year And Fourth Quarter 2023 Results
PRNewswire (Thu, 22-Feb 4:07 PM ET)
PRNewswire (Wed, 21-Feb 4:15 PM ET)
Simpleview and Ticketmaster Offer Unbeatable Ticketing Solution to DMOs
Globe Newswire (Tue, 20-Feb 1:48 PM ET)
PRNewswire (Mon, 12-Feb 1:00 PM ET)
PRNewswire (Thu, 8-Feb 4:15 PM ET)
Live Nation is the largest live entertainment firm in the world, operating in 49 countries at the end of 2023 through its concert and ticketing platforms. Via either owning, operating, or holding exclusive booking rights, Live Nation controls or influences 373 venues, including the House of Blues. Live Nation also owns one of the largest ticketing services, Ticketmaster, which sold over 620 million tickets for over 10,000 clients in 2023. Live Nation also includes an artist management agency. This large live entertainment footprint helped Live Nation become one of the largest advertising and sponsorship platforms aimed at music fans.
Live Nation Entertainment trades on the NYSE stock market under the symbol LYV.
As of March 28, 2024, LYV stock price declined to $105.77 with 1,332,091 million shares trading.
LYV has a beta of 1.29, meaning it tends to be more sensitive to market movements. LYV has a correlation of 0.26 to the broad based SPY ETF.
LYV has a market cap of $24.41 billion. This is considered a Large Cap stock.
Last quarter Live Nation Entertainment reported $6 billion in Revenue and -$1.22 earnings per share. This beat revenue expectation by $1 billion and missed earnings estimates by -$.19.
In the last 3 years, LYV stock traded as high as $127.75 and as low as $64.25.
The top ETF exchange traded funds that LYV belongs to (by Net Assets): VTI, XLC, VO, VOO, SPY.
LYV has outperformed the market in the last year with a return of +57.7%, while the SPY ETF gained +33.6%. In the last 3 month period, LYV beat the market returning +13.8%, while SPY returned +10.1%. However, in the most recent 2 weeks LYV has underperformed the stock market by returning +1.4%, while SPY returned +1.7%.
LYV support price is $105.34 and resistance is $108.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LYV stock will trade within this expected range on the day.