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Tuesday, September 26, 2023

Live Nation Entertainment Inc. (LYV) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Live Nation Entertainment Inc. (LYV) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.59, or -0.69%, to $84.42. The Live Nation Entertainment Inc. has recorded 68,091 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that KIDZ BOP Extends Popular Never Stop Live Tour, Adding 21 Dates This Fall.

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Stocks Info

Live Nation Entertainment Inc. is listed on the NYSE in the Communication Services sector while operating in the Entertainment industry. At the end of the last regular session, the stock closed at $85.01 and fluctuated between $85.20 as its day high and $82.35 as its day low. The current market capitalization of Live Nation Entertainment Inc. is $19.43B. A total of 2.47 million shares were traded on the day, compared to an average of 2.11M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, LYV has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 200 shares. Over the last 12 months, there were 21 BUYs and 35 SELLs from insiders. Insiders purchased 1,557,789 shares during that period but sold 2,140,844.

In the most recent transaction, HINSON JEFFREY T. sold 1,000 shares of LYV for 85.79 per share on Jun 12. After the transaction, the Director now owns 60,975 company shares. In a previous transaction on May 08, Rowles Michael sold 100,000 shares at 78.00 per share. LYV shares that EVP & General Counsel owns now total 157,786.

Among the insiders who bought shares, Iovine Jimmy acquired of 13,740 shares on Dec 01 at a per-share price of $73.28. This resulted in the Director holding 13,740 shares of LYV after the transaction. In another insider transaction, Rapino Michael sold 78,000 shares at $74.41 per share on Sep 23. Company shares held by the President & CEO now total 3,799,273.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for LYV in the last 3 months, the mean price target is $109.11 with high estimates of $124.00 and low estimates of $85.00. In terms of 52-week highs and lows, LYV has a high of $101.74 and a low of $64.25.

As of this writing, LYV has an earnings estimate of $The Lion Electric Company per share for the current quarter. EPS was calculated based on a consensus of Southwest Airlines Company estimates, with a high estimate of $Lloyds Banking Group Plc per share and a lower estimate of $LyondellBasell Industries NV.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. LYV’s latest balance sheet shows that the firm has $4.88B in Cash & Short Term Investments as of fiscal 2021. There were $7.46B in debt and $6.86B in liabilities at the time. Its Book Value Per Share was -$0.82, while its Total Shareholder’s Equity was $363.47M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LYV is Buy with a score of 4.57.

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