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Taking a Closer Look At Live Nation Entertainment Inc (LYV) Following Its Recent Trade

Live Nation Entertainment Inc’s recently made public 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 $5.33 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 $39.71 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 1.51% to $89.83. Over the last five days, the stock has lost -0.14%. Live Nation Entertainment Inc shares have fallen nearly -4.03% since the year began. Nevertheless, the stocks have risen 37.31% 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 $98.63, while 200 days put it at $89.87. A total of 1.89 million shares were traded, compared to the trading of 30351.0 shares in the previous session.

Levels Of Support And Resistance For LYV Stock

The 24-hour chart illustrates a support level at 88.43, which if violated will result in even more drops to 87.04. On the upside, there is a resistance level at 90.57. A further resistance level may holdings at 91.32. The Relative Strength Index (RSI) on the 14-day chart is 32.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.80%. Stochastics %K at 8.23% 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.

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