Live Nation Entertainment Inc’s filing revealed that its Director HINSON JEFFREY T. unloaded Company’s shares for reported $0.1 million on Mar 08 ’24. In the deal valued at $100.50 per share,1,001 shares were sold. As a result of this transaction, HINSON JEFFREY T. now holds 59,374 shares worth roughly $6.15 million.
Then, Fu Ping sold 1,500 shares, generating $140,505 in total proceeds. Upon selling the shares at $93.67, the Director now owns 14,714 shares.
Before that, Berchtold Joe sold 119,100 shares. Live Nation Entertainment Inc shares valued at $11,065,778 were divested by the President & CFO at a price of $92.91 per share. As a result of the transaction, Berchtold Joe now holds 442,107 shares, worth roughly $45.77 million.
ROTH MKM upgraded its Live Nation Entertainment Inc [LYV] rating to a Buy from a a Neutral in a research note published on January 12, 2024; the price target was increased to $114 from $92. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid December from “an Equal-weight” to “an Overweight”. Evercore ISI also remained covering LYV and has increased its forecast on October 26, 2023 with a “an Outperform” recommendation from previously “an In-line” rating. Oppenheimer started covering the stock on July 21, 2023. It rated LYV as “an Outperform”.
Price Performance Review of LYV
On Friday, Live Nation Entertainment Inc [NYSE:LYV] saw its stock jump 1.08% to $103.52. Over the last five days, the stock has lost -2.13%. Live Nation Entertainment Inc shares have risen nearly 10.60% since the year began. Nevertheless, the stocks have risen 49.19% over the past one year. While a 52-week high of $107.24 was reached on 03/28/24, a 52-week low of $64.96 was recorded on 02/06/24. SMA at 50 days reached $96.85, while 200 days put it at $89.54. A total of 1.09 million shares were traded, compared to the trading of 1.58 million shares in the previous session.
Levels Of Support And Resistance For LYV Stock
The 24-hour chart illustrates a support level at 102.78, which if violated will result in even more drops to 102.04. On the upside, there is a resistance level at 104.22. A further resistance level may holdings at 104.92. The Relative Strength Index (RSI) on the 14-day chart is 55.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.62%. Stochastics %K at 22.50% indicates the stock is a holding.
How much short interest is there in Live Nation Entertainment Inc?
A steep rise in short interest was recorded in Live Nation Entertainment Inc stocks on Mar 15, 2024, growing by 1.21 million shares to a total of 13.97 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 12.76 million shares. There was a rise of 8.66%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.92% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.1.
The most recent change occurred on April 24, 2023 when Seaport Research Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $85 price target.
