Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Live Nation Entertainment Inc before investing.

In this article, we go over a few key elements for understanding Live Nation Entertainment Inc’s stock price such as:

• Live Nation Entertainment Inc’s current stock price and volume
• Why Live Nation Entertainment Inc’s stock price changed recently
• Upgrades and downgrades for LYV from analysts
• LYV’s stock price momentum as measured by its relative strength

About Live Nation Entertainment Inc (LYV)

Before we jump into Live Nation Entertainment Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Live Nation Entertainment, Inc. is a live entertainment ticketing, sales, and marketing company. The Company is a producer of live music concerts. The Company operates through three segments: Concerts, Ticketing, and Sponsorship & Advertising. Concerts segment principally involves in the global promotion of live music events in the Company?s owned or operated venues and in rented third-party venues. Ticketing segment is primarily an agency business that sells tickets for events on behalf of its clients and retains a portion of the service charge as its fee. Sponsorship & Advertising segment employs a sales force that creates and maintains relationships with sponsors through a combination of strategic, international, national and local opportunities that allow businesses to reach customers through its concert, festival, venue and ticketing assets, including advertising on its websites.

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Live Nation Entertainment Inc’s Stock Price as of Market Close

As of February 15, 2024, 4:00 PM, CST, Live Nation Entertainment Inc’s stock price was $93.83.

Live Nation Entertainment Inc is up 4.96% from its previous closing price of $89.40.

During the last market session, Live Nation Entertainment Inc’s stock traded between $87.27 and $89.45. Currently, there are 228.79 million shares of Live Nation Entertainment Inc stock available for purchase.

Live Nation Entertainment Inc’s price-earnings (P/E) ratio is currently at 65.1, which is high compared to the Entertainment Production industry median of 36.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Live Nation Entertainment Inc Stock Price History

Live Nation Entertainment Inc’s (LYV) price is currently up 5.61% so far this month.

During the month of February, Live Nation Entertainment Inc’s stock price has reached a high of $94.11 and a low of $86.67.

Over the last year, Live Nation Entertainment Inc has hit prices as high as $101.74 and as low as $64.25. Year to date, Live Nation Entertainment Inc’s stock is up 34.54%.

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What Caused Live Nation Entertainment Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 14, 2024, there were 5 analysts who downgraded Live Nation Entertainment Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Live Nation Entertainment Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Live Nation Entertainment Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Live Nation Entertainment Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Live Nation Entertainment Inc (LYV) by visiting AAII Stock Evaluator.

Relative Price Strength of Live Nation Entertainment Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 14, 2024, Live Nation Entertainment Inc has a weighted four-quarter relative price strength of -2.89%, which translates to a Momentum Score of 61 and is considered to be Strong.

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Live Nation Entertainment Inc Stock Price: Bottom Line

As of February 15, 2024, Live Nation Entertainment Inc’s stock price is $93.83, which is up 4.96% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Live Nation Entertainment Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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