Live Nation stock closed at the highest price in its history on Tuesday after CNBC commentator Josh Brown said the company was worth a long-term buy.
The stock closed at $76.54 after topping out at $78 during the day. Its previous high was in mid-January 2020—$74.65—when 2020 looked liked it was heading for a banner year in the concert industry.
"I think there's a lot of upside here and when it does break out, I think the stock will get discovered,” Brown said. “I've been an admirer of the company for a long time, but now I'm finally an investor."
The stock rose by more than 5% to $75.40 a share around lunchtime on the East Coast, the first time it had topped $75 since February. Live Nation stock is up 38% over the last six months.
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SONG REVENUE:
A STYLISTIC STEW MC, divas and singer-songwriters rub elbows. (3/28a)
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THE NEW UMG
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TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
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TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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