Sunday, May 16

Live Nation Entertainment Inc. stock outperforms market on strong trading day

Shares of Live Nation Entertainment Inc.

inched 0.86% higher to $88.85 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average

rising 0.09% to 31,521.69 and the S&P 500 Index

falling 0.77% to 3,876.50. This was the stock’s second consecutive day of gains. Live Nation Entertainment Inc. hit a new 52-week high, surpassing its previous peak of $88.69, which the company achieved on February 19th.

The stock demonstrated a mixed performance when compared to some of its competitors Monday, as eBay Inc.

fell 0.68% to $61.56, World Wrestling Entertainment Inc. Cl A

rose 1.97% to $47.73, and MSG Networks Inc. Cl A

rose 5.44% to $16.87. Trading volume (3.7 M) eclipsed its 50-day average volume of 2.3 M.

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

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