LYV Stock Summary and Trading Ideas (Live Nation Entertainment | NYSE:LYV)

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 May 13, 2024, LYV stock price declined to $95.87 with 426,914 million shares trading.

LYV has a beta of 1.52, meaning it tends to be more sensitive to market movements. LYV has a correlation of 0.32 to the broad based SPY ETF.

LYV has a market cap of $22.19 billion. This is considered a Large Cap stock.

Last quarter Live Nation Entertainment reported $4 billion in Revenue and -$.53 earnings per share. This beat revenue expectation by $540 million and missed earnings estimates by -$.34.

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, VOO, VO, XLC, VUG.

LYV stock has underperformed the market in the last year with a return of +22.0%, while SPY returned +27.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in LYV shares. However, LYV has outperformed the market in the last 3 month and 2 week periods, returning +7.1% and +6.7%, while SPY returned +4.3% and +2.5%, respectively. This indicates LYV has been having a stronger performance recently.

LYV support price is $95.34 and resistance is $98.70 (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.