Live Nation’s Stock Continues to Struggle

Live Nation this week saw its stock price hit a 52 week low as the stock market as a whole has taken a drubbing recently on fears of a looming recession. However, Live Nation’s drop was also influenced by recent news. Analysts at investment bank Morgan Joseph maintained their buy rating on Live Nation, but downgraded their earnings expectation on January 14. Also contributing to Live Nation’s stock situation was news of Ticketmaster’s plan to purchase TicketsNow, which will instantly make Ticketmaster the second largest player on the secondary ticket market. (Ticketnews)