Live Nation Entertainment Inc’s recently made public that its Officer Rowles Michael acquired Company’s shares for reported $14.25 million on Feb 24 ’25. In the deal valued at $155.00 per share,91,964 shares were bought.
Then, Berchtold Joe sold 29,310 shares, generating $2,857,676 in total proceeds. Upon selling the shares at $97.50, the President & CFO now owns 566,722 shares.
Before that, Rapino Michael sold 98,849 shares. Live Nation Entertainment Inc shares valued at $9,637,778 were divested by the President & CEO at a price of $97.50 per share. As a result of the transaction, Rapino Michael now holds 3,702,115 shares, worth roughly $534.81 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 fall -6.57% to $144.46. Over the last five days, the stock has lost -6.60%. Live Nation Entertainment Inc shares have risen nearly 11.55% since the year began. Nevertheless, the stocks have risen 54.52% over the past one year. While a 52-week high of $157.75 was reached on 02/21/25, a 52-week low of $86.81 was recorded on 01/13/25. SMA at 50 days reached $139.69, while 200 days put it at $113.66.
Levels Of Support And Resistance For LYV Stock
The 24-hour chart illustrates a support level at 140.62, which if violated will result in even more drops to 136.78. On the upside, there is a resistance level at 151.44. A further resistance level may holdings at 158.42. The Relative Strength Index (RSI) on the 14-day chart is 47.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.00%. Stochastics %K at 43.80% indicates the stock is a holding.
