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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
12/04/2024 09:51:00 EST
Live Nation Entertainment Inc (LYV)
Industry: Entertainment
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, LYV has been trading in a range between $140.54 and $117.62 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
LYV is trading below resistance at $140.54, about 2% to the upside. There is support at $110.82 -20% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Live Nation Entertainment Inc $LYV entered a Green zone 75 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $108.76, a potential down side of -20.82% from the recent price of 137.35. The stock is trading 2.79% (potential upside) below its 52 week high of $141.18 and 67.89 % (potential downside) above its 52 week low of $81.81 - based on the recent price.
Company Summary
Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments.
News
| Live Nation Entertainment Announces Pricing Of Convertible Senior Notes Offering LOS ANGELES , Dec. 3, 2024 /PRNewswire/ -- Live Nation Entertainment, Inc. (NYSE: LYV) (the "company") today announced that it priced its previously announced offering of $1.0 billion in aggregate principal amount of its 2.875% convertible senior notes due 2030 (the "Convertible Notes"). The Convertible Notes were priced at 100.000% of their principal amount. Source: PRNewsWire Tue, 03 Dec 2024 22:37:00 -0500 Sentiment: Neutral |
| Live Nation Entertainment Announces Launch Of Convertible Senior Notes Offering LOS ANGELES , Dec. 3, 2024 /PRNewswire/ -- Live Nation Entertainment, Inc. (NYSE: LYV) (the "company") today announced that it intends to offer, subject to market and other conditions, $1.0 billion in aggregate principal amount of convertible senior notes due 2030 (the "Convertible Notes"). The company intends to use the net proceeds from the Convertible Notes offering (i) to finance the repurchase of a portion of its 2.00% convertible senior notes due 2025 (the "existing convertible notes") in one or more separate and individually negotiated transactions with a limited number of current holders of the existing convertible notes, (ii) to repay outstanding amounts under the company's existing revolving credit facility, (iii) to pay related fees and expenses and (iv) for general corporate purposes, which may include the repayment or repurchase of certain of its outstanding indebtedness. Source: PRNewsWire Tue, 03 Dec 2024 06:39:00 -0500 Sentiment: Neutral |
| Live Nation Entertainment: Rating Downgrade As Share Price Has Rallied Past My Price Target I downgraded Live Nation Entertainment from a buy to a hold due to its high share price, limiting upside potential despite strong growth prospects. 3Q24 results showed a revenue decline but a 4.4% increase in adjusted operating income, indicating efficient cost management. Demand remains robust with strong fan growth, new venue openings, and increased sponsorships, supporting long-term growth. Source: Seeking Alpha Sun, 24 Nov 2024 23:49:36 -0500 Sentiment: Positive |
| Live Nation Is the Company Consumers Love to Hate. But Investors Love It. The concert promoter's stock is trading at an all-time high despite antitrust concerns. Source: Barrons Thu, 21 Nov 2024 14:49:00 -0500 Sentiment: Neutral |
| Rocking the Charts: Why Live Nation Could Hit New Highs Live Nation Entertainment Inc. NYSE: LYV is the world's largest live entertainment company, with leading positions in concert promotions, venues, ticketing, artist management, and sponsorship segments. The company is so dominant that it is regularly a defendant against antitrust violations. Source: MarketBeat Wed, 20 Nov 2024 07:16:10 -0500 Sentiment: Neutral |
Technicals 52 Week Hi: 141.18 52 Week Low: 82.25 Beta: 1.334 50 Day MA: 120.3448 200 Day MA: 102.072 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.139 Qtr Revenue Growth YOY: -0.062 Forward PE: 78.125 Trailing PE: 152.6111