|Day's Range||36.09 - 36.72|
|52 Week Range||25.56 - 36.75|
|PE Ratio (TTM)||-214.39|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Investors, like concert-goers, are often driven by the Fear of Missing Out (FOMO). Live Nation Entertainment has risen 40% this year, meaning that investors who decided against buying it have missed out on quite a bit of profit. William Blair analyst Ryan Sundby became the latest to sing the stock’s praises on Friday, arguing that Live Nation will continue to benefit from important trends.
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With weeks left before the $200 million Irving Music Factory opens to thousands of fans on Labor Day weekend for sold-out shows featuring comedian Dave Chappelle, the developer is adding a third shift of construction workers to wrap up the project anchored by Live Nation Entertainment Inc. (LYV). "This is such a massive project at any given time we have more than 1,000 people working on the project ... it's challenging to see where you are. The project's third 8-hour shift will consist mostly of finish-out work, with certain trades lagging behind others — pushing the finish out of the 8,000-seat, Live Nation-anchored convertible concert venue and 250,000 square feet of retail, restaurant and entertainment space with 25 concepts within the 17-acre development.