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Is Now a Good Time to Buy Shares of Live Nation Entertainment? -Breaking

by Mike Robinson

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© Reuters. It’s a great time to purchase shares of Live Nation Entertainment.

Live Nation, a leading live entertainment company has seen its shares rise in value due to increased attendance at concerts and events. The company’s stock price fell after a Houston tragedy. Multiple lawsuits are being filed against it for alleged mismanagement. The stock is also at risk of falling due to LYV’s low profit margins, high valuation, and if the stock can continue its rally. Let’s get to the point. Live Nation Entertainment is headquartered in Beverly Hills (NYSE:). It’s the leading global live entertainment business. This includes Ticketmaster, Live Nation Concerts and Live Nation Sponsorship. As of December 31, 2020, the company had 155 North American entertainment venues and 76 worldwide venues that it owned, operated and leased.

On the strength of its financial results for the quarter ended September, better than expected financial results have seen the shares rise 40% and 18.6% respectively. With solid progress being made on vaccination, live events are recovering and more people want to go. This has boosted LYV’s revenue growth in recent years.

On Monday, the stock price fell 5% after eight people were killed at the LYV Houston music festival. Numerous lawsuits were filed against the business following the incident. These lawsuits could potentially have a negative impact on the company’s performance regarding price in the weeks ahead.

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