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Tuesday, January 19, 2021

LIVE NATION STOCK HITS ALL-TIME HIGH

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.

TAGS: Live Nation
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