Live Nation Entertainment Inc’s recent filing unveils 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 $5.72 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 $42.59 million.
Deutsche Bank initiated its Live Nation Entertainment Inc [LYV] rating to a Buy in a research note published on April 30, 2024; the price target was $120. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “a Buy”. Morgan Stanley also remained covering LYV and has increased its forecast on December 14, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Evercore ISI revised its rating on October 26, 2023. It rated LYV as “an Outperform” which previously was an “an In-line”.
Price Performance Review of LYV
On Tuesday, Live Nation Entertainment Inc [NYSE:LYV] saw its stock jump 0.48% to $96.34. Over the last five days, the stock has gained 8.36%. Live Nation Entertainment Inc shares have risen nearly 2.93% since the year began. Nevertheless, the stocks have risen 24.86% over the past one year. While a 52-week high of $107.24 was reached on 03/28/24, a 52-week low of $76.48 was recorded on 02/06/24. SMA at 50 days reached $98.48, while 200 days put it at $89.74. A total of 2.67 million shares were traded, compared to the trading of 2.52 million shares in the previous session.
Levels Of Support And Resistance For LYV Stock
The 24-hour chart illustrates a support level at 94.99, which if violated will result in even more drops to 93.63. On the upside, there is a resistance level at 97.94. A further resistance level may holdings at 99.53. The Relative Strength Index (RSI) on the 14-day chart is 54.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.91, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.41%. Stochastics %K at 81.68% indicates the stock is a selling.
The most recent change occurred on July 21, 2023 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $110 price target.
