Stock Investors Bid Up Shares of Live Nation, Up 5.5% - (I'm so happy)

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image of livenation - Stock Investors Bid Up Shares of Live Nation, Up 5.5% Stock Investors Bid Up Shares of Live Nation, Up 5.5%

One of today's stocks on the move is Live Nation (NYSE:LYV), up 5.5% to $8.49. The S&P is currently trading 2.9% higher to 1,189 and the Dow Jones Industrial Average is trading 2.5% higher to 11,381.

There is potential upside of 60.2% for shares of Live Nation based on a current price of $8.49 and an average consensus analyst price target of $13.60. Live Nation shares should first meet resistance at the 50-day moving average (MA) of $8.79 and find additional resistance at the 200-day MA of $10.34.

Live Nation Inc. produces, operates, and promotes live events including music concerts, theatrical shows, specialized motor sports, and other events.

In the past 52 weeks, shares of Live Nation have traded between a low of $7.14 and a high of $12.44 and are now at $8.49, which is 19% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 3.9%.

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