Live Nation Entertainment Inc. (NYSE:LYV) traded today at a new 52-week high of $87.98. Approximately 654,000 shares have changed hands today, as compared to an average 30-day volume of 2.6 million shares.
Live Nation Entertainment Inc. (NYSE:LYV) defies analysts with a current price ($87.98) 99.4% above its average consensus price target of $0.49.
Live Nation is the largest live entertainment firm in the world with over 570 million fans served in 44 countries in 2018 by the company’s concert and ticketing platforms. Via either owning, operating, or holding exclusive booking rights, Live Nation controls over 235 venues including the House of Blues, the Hollywood Palladium, and Spark Arena in New Zealand. Live Nation also owns one of the largest ticketing services, Ticketmaster, which sold over 480 million tickets for over 12,000 clients in 2018. The firm’s artist management agencies have over 400 clients. This large live entertainment footprint helped Live Nation become one of the largest advertising and sponsorship platforms aimed at music fans. Liberty Media owns 33% of Live Nation, held under its SiriusXM tracking stock.
In the past 52 weeks, Live Nation Entertainment Inc. share prices are bracketed by a low of $21.70 and a high of $87.98 and is now at $87.98, 305% above that low price.
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