Live Nation Entertainment Inc’s recent filing unveils that its EVP & General Counsel Rowles Michael unloaded Company’s shares for reported $9.81 million on Feb 24 ’25. In the deal valued at $155.40 per share,63,136 shares were sold. As a result of this transaction, Rowles Michael now holds 195,346 shares worth roughly $26.99 million.
Then, Rowles Michael sold 28,828 shares, generating $4,243,968 in total proceeds. Upon selling the shares at $147.22, the EVP & General Counsel now owns 195,346 shares.
Before that, Rowles Michael bought 91,964 shares. Live Nation Entertainment Inc shares valued at $14,254,420 were divested by the Officer at a price of $155.00 per share.
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 -2.89% to $138.15. Over the last five days, the stock has lost -4.37%. Live Nation Entertainment Inc shares have risen nearly 6.68% since the year began. Nevertheless, the stocks have risen 42.45% 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 $140.19, while 200 days put it at $114.79.
Levels Of Support And Resistance For LYV Stock
The 24-hour chart illustrates a support level at 135.41, which if violated will result in even more drops to 132.68. On the upside, there is a resistance level at 141.11. A further resistance level may holdings at 144.07. The Relative Strength Index (RSI) on the 14-day chart is 39.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.65%. Stochastics %K at 15.36% indicates the stock is a buying.
