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Live Nation Entertainment (LYV) Crumbles: Stock Falls by 6.9%

Zacks Equity Research

Live Nation Entertainment, Inc. (LYV) saw a big move last session, as the company’s shares fell by nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for LYV, as the stock is now down 14.1% in the past one-month time frame.

Live Nation Entertainment has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

LYV currently has a Zacks Rank #4 (Sell).

Some better-ranked stocks in the diversified entertainment sector include Vail Resorts Inc. (MTN), Diamond Resorts International, Inc. (DRII) and HomeAway, Inc. (AWAY). While include Vail Resorts carries a Zacks Rank #1 (Strong Buy), Diamond Resorts International and HomeAway hold a Zacks Rank #2 (Buy).

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LIVE NATION ENTERTAINMENT INC (LYV): Free Stock Analysis Report


Zacks Investment Research