Live Nation Entertainment Inc. Stock Falls 5.1%, Underperforms Peers

Dow Jones08-01

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Live Nation Entertainment Inc. slipped 5.1% to $174.13 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.7% to 7,489.72 and the Dow Jones Industrial Average rising 0.5% to 52,485.03.

This was the stock's second consecutive day of losses.

Live Nation Entertainment Inc. closed 7.4% below its 52-week high of $188.00, which the company reached on July 6th.

The stock underperformed when compared to some of its peers, as Madison Square Garden Sports Corp. fell 2.8% to $393.68, Sphere Entertainment Co. fell 3.4% to $143.25.

Trading volume totaled 5.0 million, compared to the 50-day average of 2.4 million.

Data source: Dow Jones Market Data, FactSet

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