Live Nation Entertainment Inc (NYSE:LYV) price closed lower on Tuesday, April 16, dropping -7.58% below its previous close.
A look at the daily price movement shows that the last close reads $99.77. The company’s P/E ratio in the trailing 12-month period read 70.21. Taking into account the 52-week price action we note that the stock hit a 52-week high of $107.24 and 52-week low of $64.96. The stock subtracted -11.14% on its value in the past month.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give LYV a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that LYV’s price is at present -11.26% off the SMA20 and -6.24% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 28.65, with weekly volatility standing at 2.55%. The indicator jumps to 1.98% when calculated based on the past 30 days. Live Nation Entertainment Inc (NYSE:LYV)’s beta value is holding at 1.31, while the average true range (ATR) indicator is currently reading 2.64.
An analysis of the Live Nation Entertainment Inc (NYSE:LYV) stock in terms of its daily trading volume indicates that the 3-month average is 2.20 million.
Current records show that the company has 233.30M in outstanding shares. The insiders’ percentage holdings are 37.70% of outstanding shares while the percentage share held by institutions stands at 69.70%. But the -1.49% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
