Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Live Nation Entertainment Inc shares valued at $2,857,676 were sold by Berchtold Joe on Sep 12 ’24. At $97.50 per share, Berchtold Joe sold 29,310 shares. The insider’s holdings dropped to 566,722 shares worth approximately $78.51 million following the completion of this transaction.
Also, Rapino Michael sold 98,849 shares, netting a total of over 9,637,778 in proceeds. Following the sale of shares at $97.50 each, the insider now holds 3,702,115 shares.
Before that, Rowles Michael had sold 35,000 shares from its account. In a trade valued at $3,417,400, the EVP & General Counsel traded Live Nation Entertainment Inc shares for $97.64 each. Upon closing the transaction, the insider’s holdings decreased to 35,000 shares, worth approximately $23.2 million.
As published in their initiating research note from BofA Securities on September 04, 2024, Live Nation Entertainment Inc [LYV] has been a Buy and the price target has been revised to $125. Analysts at Northcoast downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of May 09, 2024, Redburn Atlantic has increased its “Neutral” rating to a “Buy” for LYV. Earlier on April 30, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for LYV stock.
Analyzing LYV Stock Performance
During the last five days, there has been a surge of approximately 5.53%. Over the course of the year, Live Nation Entertainment Inc shares have jumped approximately 6.98%. Shares of the company reached a 52-week high of $139.70 on 01/22/25 and a 52-week low of $127.08 on 01/13/25. A 50-day SMA is recorded $133.36, while a 200-day SMA reached $107.52. Nevertheless, trading volume fell to 1.79 million shares from 2.33 million shares the previous day.
Support And Resistance Levels for Live Nation Entertainment Inc (LYV)
According to the 24-hour chart, there is a support level at 137.40, which, if violated, would cause prices to drop to 136.25. In the upper region, resistance lies at 139.69. The next price resistance is at 140.84. RSI (Relative Strength Index) is 67.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.70, which suggests the price will increase in the coming days. Percent R is at 9.19%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
