Live Nation Entertainment Inc. stock outperforms competitors despite losses on the day

Shares of Live Nation Entertainment Inc.
LYV,
-2.27%
shed 2.27% to $94.28 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
SPX,
-1.29%
falling 1.29% to 4,228.48 and Dow Jones Industrial Average
DJIA,
-0.86%
falling 0.86% to 33,706.74. This was the stock’s third consecutive day of losses. Live Nation Entertainment Inc. closed $33.47 below its 52-week high ($127.75), which the company achieved on November 5th.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as eBay Inc.
EBAY,
-3.03%
fell 3.03% to $47.07 and World Wrestling Entertainment Inc. Cl A
WWE,
+0.33%
rose 0.33% to $70.89. Trading volume (1.1 M) remained 347,559 below its 50-day average volume of 1.5 M.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

Source link