Live Nation Entertainment Rises On Unusually High Volume (LYV)

NEW YORK ( TheStreet) -- Live Nation Entertainment (NYSE: LYV) is trading at unusually high volume Thursday with 4.2 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up 76 cents (+9.1%) at $9.06 as of 3:50 p.m. ET.

Live Nation Entertainment has a market cap of $1.56 billion and is part of the services sector and media industry. Shares are down 1.2% year to date as of the close of trading on Wednesday.

Live Nation Entertainment, Inc. operates as a live entertainment company. It promotes the live music events in its owned and/or operated venues, and in rented third-party venues. The company also engages in the operation and management of music venues, and the production of music festivals.

TheStreet Ratings rates Live Nation Entertainment as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full Live Nation Entertainment Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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