Live Nation Entertainment shares closed at $46.16, down from the day’s high of $46.32 but enough to hit yet another all-time New York Stock Exchange peak Nov. 14.
– Live Nation Logo 2017
On a side note, Live Nation Entertainment’s market capitalization hit $9.55 billion.
Trading was heavy on a day that GE and energy stocks dipped: 2,901,127 shares of LYV traded hands compared with an average of 1,674,016.
During the day, the company announced the formation of a Latin music group. In insider transactions, it was announced the day prior that Live Nation President/CEO Michael Rapino sold 70,000 shares. Otherwise, there didn’t appear to be any specific catalyst for the buying binge.