Live Music stocks down again Tuesday
Live music stocks continued their multi-day slide on Tuesday.
Solid 2025 growth estimates in recent live music industry earnings reports were not been not enough to overcome major stock market jitters caused by stubborn inflation, government layoffs, a looming trade war and an unpredictable President determined to rewrite the economic playbook.
The Dow fell 2.5% Monday and another 1.14% Tuesday.
Live Music Stocks
Live Nation Entertainment [NYSE: LYV] fell 11.0% last week $127.51 erasing year to date gains. That downward trend continued Monday falling another 3.8% in morning trading.
- At the close Monday, Live Nation was trading at $122.79 down another 3.70%
- As the close Tuesday: $121.60 down 0.96%
MSG Entertainment was down 7.7% to $31.86 last week. It faired slightly better Monday morning falling just 1.28% more.
- At the close Monday, MSG was trading at $189.72 down another 3.62%.
- At the close Tuesday: $187.40 down 1.25%
Sphere Entertainment [NYSE: SPH] lost 18.8% trading at $35.45 last week. On Monday morning it fell another 6.95%.
- At the close Monday, Sphere was trading at $32.81 down another 7.71%.
- At the close Tuesday: $31.64 down 3.51%
Bruce Houghton is the Founder and Editor of Hypebot, a Senior Advisor at Bandsintown, a Berklee College Of Music professor and founder of the Skyline Artists Agency
