Quantcast

LIVE NATION STOCK: MORE RECORDS?

Could Live Nation's share price top $90 prior to the announcement Thursday of its 2020 annual results?

The stock opened this morning just under $88 after closing Friday at a record price of $88.09. It's seen a 62% rise over the last six months, a period during which no concerts were mounted, few tickets were sold and the exchange of money came largely in the form of refunds.

The rise in the stock price reflects not only investors’ belief that there is an intense build-up of demand for live entertainment but faith in the cost-saving maneuvers and refinancing plans Michael Rapino has engineered over the last 12 months.

A year ago today, when the 2020 concert landscape appeared to be the busiest ever, the stock sold for about $68, before going on a four-week slide that took it down to below $30.

Stay tuned.

 

SHINE ON, HARVEST HITS LIST
An equinox to remember (9/24a)
CARLESS TO DRIVE WARNER A&R
Steve-O takes the wheel. (9/24a)
GRAMMY CHEW: AOTY WILD CARDS
Going deep like Tom Brady (9/24a)
NEAR TRUTHS:
THE LUCIAN DECADE
A history lesson from I.B. Bad (9/23a)
SIR LUCIAN TURNS IT UP
As UMG goes solo, Grainge discusses leading the band. (9/20a)
HITS' 35TH ANNIVERSARY
A chronicle of the inexplicable.
GRAMMY: ALBUM OF THE YEAR
We make yet more predictions, which you are free to ignore.
2022 TOURS
May we all be vaxxed by then.
ROCK'S NEW CHAPTER
Power pop, global glam and the return of the loud.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)