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# Live Nation Stock Up Friday Despite Sharp Market Downturn
- URL: https://www.hypebot.com/live-nation-stock-up-friday-despite-sharp-market-downturn/
- Published: 2020-02-28T21:45:00.000Z
- Updated: 2020-02-28T21:57:34.000Z
- Description: Live Nation Entertainment rebounded Friday, ending a rollercoaster week that saw its stock price down Thursday a total of 23% in the prior 5 trading days. Thursday’s beating came despite. Continue reading [https://www.hypebot.com/hypebot/2020/02/live-nation-stock-up-friday-despite-sharp-market-downt
- Author: Bruce Houghton
- Tags: Music Business, Streaming, #wp, #wp-post, #Import 2026-01-21 09:55

Live Nation Entertainment rebounded Friday, ending a rollercoaster week that saw its stock price [down Thursday a total of 23%](https://www.hypebot.com/live-nation-reports-strong-growth-as-caronavirus-pummels-stock-price/) in the prior 5 trading days.

Thursday’s beating came despite Live Nation reporting fourth-quarter and full-year results for 2019 that handily beating analyst estimates. For 2019, Live Nation delivered its ninth consecutive year of growth, reporting total revenue of $11.54 billion, up by 8% from the previous year.

But fears of the carnivorous virus’s effect on the global economy drove overall markets down 1100 points on Thursday and another 950 points or 3.7% on Friday.

Despite the live event sector likely to be one of the worsed hit, Live Nation managed to rebound, closing Friday at $60.77 USD up 5.23%.

#### **MORE: [Live Nation Reports Strong Growth As Coronavirus Pummels Stock Price](https://www.hypebot.com/live-nation-reports-strong-growth-as-caronavirus-pummels-stock-price/)**