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Live Nation Entertainment (LYV) Jumps: Stock Rises 7.1%
Live Nation Entertainment, Inc. (LYV - Free Report) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $40.92 to $43.78 in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revisions of two increases and one decrease over the past one month, while the Zacks Consensus Estimate for the current quarter has moved lower. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Live Nation Entertainment currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
A better-ranked stock in the Leisure and Recreation Services industry is Drive Shack Inc. , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is LYV going up? Or down? Predict to see what others think: Up or Down
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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