RUMOR MILL
Thursday, October 7, 2021
LIVE NATION STOCK
TOPS $100 A SHARE
Live Nation stock closed at a record high of $101.03 Wednesday, the first time in its history that it has topped the century mark.
The stock is up more than 10% over the last week, 15.2% over the last month and a whopping 220% since the COVID shutdown of mid-March 2020. In after-hours trading, it continued to rise and opened today at $101.31 a share.
The company's valuation is now north of $25 billion.
By the end of September, Live Nation’s growth had wildly outpaced the S&P 500 over the previous year, rising 77.2% to 27.1%. Longtime holders of the stock have seen it rise 217% over the last five years.
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