Live Nation Entertainment Inc’s filing revealed that its President & CFO Berchtold Joe unloaded Company’s shares for reported $2.86 million on Sep 12 ’24. In the deal valued at $97.50 per share,29,310 shares were sold. As a result of this transaction, Berchtold Joe now holds 566,722 shares worth roughly $76.19 million.
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Then, Rapino Michael sold 98,849 shares, generating $9,637,778 in total proceeds. Upon selling the shares at $97.50, the President & CEO now owns 3,702,115 shares.
Before that, Rowles Michael sold 35,000 shares. Live Nation Entertainment Inc shares valued at $3,417,400 were divested by the EVP & General Counsel at a price of $97.64 per share. As a result of the transaction, Rowles Michael now holds 167,447 shares, worth roughly $22.51 million.
BofA Securities initiated its Live Nation Entertainment Inc [LYV] rating to a Buy in a research note published on September 04, 2024; the price target was $125. A number of analysts have revised their coverage, including Northcoast’s analysts, who decreased its forecast for the stock in late May from “a Buy” to “a Neutral”. Redburn Atlantic also remained covering LYV and has increased its forecast on May 09, 2024 with a “Buy” recommendation from previously “Neutral” rating. Deutsche Bank started covering the stock on April 30, 2024. It rated LYV as “a Buy”.
Price Performance Review of LYV
On Tuesday, Live Nation Entertainment Inc [NYSE:LYV] saw its stock jump 1.39% to $134.44. Over the last five days, the stock has gained 3.68%. Live Nation Entertainment Inc shares have risen nearly 43.63% since the year began. Nevertheless, the stocks have risen 50.04% over the past one year. While a 52-week high of $132.74 was reached on 11/19/24, a 52-week low of $81.38 was recorded on 02/06/24. SMA at 50 days reached $114.31, while 200 days put it at $100.09.
Levels Of Support And Resistance For LYV Stock
The 24-hour chart illustrates a support level at 132.06, which if violated will result in even more drops to 129.67. On the upside, there is a resistance level at 135.68. A further resistance level may holdings at 136.91. The Relative Strength Index (RSI) on the 14-day chart is 78.01, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.49%. Stochastics %K at 95.41% indicates the stock is a selling.
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 2024-10-31, dropping by -0.72 million shares to a total of 13.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 14.01 million shares. There was a decline of -5.38%, which implies that there is a negative sentiment for the stock.
