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Live Nation Stock Hits New Highs After Encouraging Earnings
Live Nation stock jumped nearly 19% on Friday (Nov. 5) following the company’s third quarter earnings report the day before. Share prices soared from $107.52 to an all-time high $127.75 before closing at $123.80, giving the company a $27.8 billion market value.
A line from the Grateful Dead ’s “Truckin’” perfectly describes concert giant Live Nation over the last 20 months: “Lately it occurs to me, what a long, strange trip it’s been.” In March 2020, the scale of the pandemic’s effect on Live Nation’s touring business had so successfully scared off investors that Live Nation’s share price reached a nadir of $21.70, giving …
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