LN Stock Matches Market
Live Nation may have reported a positive third quarter report, but investors are still a little hesitant.
Shares dropped 11 percent Nov. 8, a day after Live Nation posted strong quarterly earnings. Investors appeared more concerned with how the concert promotion giant will be affected during the economic slowdown in 2009, according to Forbes.
Shares stood at $10.09 when LN gave its 3Q report; the company closed at $8.05 Nov. 11. Of course, it’s difficult to find any stock that’s on the rise these days.