In a filing, Live Nation Entertainment Inc revealed 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 $6.0 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 $44.67 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 fall -1.65% to $101.04. Over the last five days, the stock has lost -2.40%. Live Nation Entertainment Inc shares have risen nearly 7.95% since the year began. Nevertheless, the stocks have risen 44.55% 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 $98.14, while 200 days put it at $89.89. A total of 1.36 million shares were traded, compared to the trading of 1.16 million shares in the previous session.
Levels Of Support And Resistance For LYV Stock
The 24-hour chart illustrates a support level at 100.25, which if violated will result in even more drops to 99.47. On the upside, there is a resistance level at 102.11. A further resistance level may holdings at 103.18. The Relative Strength Index (RSI) on the 14-day chart is 46.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.47%. Stochastics %K at 15.50% indicates the stock is a buying.
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.
