Overall market sentiment has been high on Live Nation Entertainment, Inc. (LYV) stock lately. LYV receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Live Nation Entertainment, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LYV!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With LYV Stock Today?
Live Nation Entertainment, Inc. (LYV) stock is trading at $118.04 as of 10:50 AM on Thursday, Dec 23, a gain of $1.12, or 0.96% from the previous closing price of $116.92. The stock has traded between $116.77 and $119.15 so far today. Volume today is below average. So far 294,650 shares have traded compared to average volume of 2,591,466 shares.
More About Live Nation Entertainment, Inc.
Live Nation is the largest live entertainment firm in the world with over 570 million fans served in 44 countries in 2018 by the company's concert and ticketing platforms. Via either owning, operating, or holding exclusive booking rights, Live Nation controls over 235 venues including the House of Blues, the Hollywood Palladium, and Spark Arena in New Zealand. Live Nation also owns one of the largest ticketing services, Ticketmaster, which sold over 480 million tickets for over 12,000 clients in 2018. The firm's artist management agencies have over 400 clients. This large live entertainment footprint helped Live Nation become one of the largest advertising and sponsorship platforms aimed at music fans. Liberty Media owns 33% of Live Nation, held under its SiriusXM tracking stock.
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