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# Spotify Stock Struggles On Day 2, Live Nation Rises
- URL: https://www.hypebot.com/spotify-stock-struggles-live-nation-rises-in-am-trades/
- Published: 2018-04-04T17:10:00.000Z
- Updated: 2018-04-04T17:10:00.000Z
- Description: UPDATE Wednesday After The Close: Spotify stock struggled on day two of trading Tuesday, but Live Nation stock appeared to be recovering from two days of declines, after a New. Continue reading [https://www.hypebot.com/hypebot/2018/04/spotify-stock-struggles-live-nation-rises-in-am-trades.html]
- Author: Bruce Houghton
- Tags: Live & Ticketing, Music Business, Music Tech, Streaming, DIY, DIY musicians, indie, Live Nation, music, music industry, musician, musicians, NYSE, Spotify, #wp, #wp-post, #Import 2026-01-21 10:05

[![Arrows up and down](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2e82647970c-200wi "Arrows up and down")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2e82647970c-popup?ref=hypebot.com)**UPDATE Wednesday After The Close:** Spotify stock struggled on day two of trading Tuesday, but Live Nation stock appeared to be recovering from two days of declines, after a New York Times story that it was being investigated by the U.S. Department of Justice. The NYSE had a choppy day overall, but managed to end up .08%.

Spotify stock ended its second day of trading at $145.87 down $4.79 or 2.11%. The stock was on track to lose another 1% in after hours trading. 

That's still above the $132 reference price set by the NYSE, but well below the stock's Tuesday opening price of $165.90, when a total of 5.6 million shares changed hands in the first trade. Tuesday's first day closing price of $149.95.Stock analysts appear worried about Spotify's path to profitability. Gabelli & Co's John Tinker initiated his [coverage](https://www.marketwatch.com/story/spotify-initiated-with-hold-at-gabelli-analyst-worries-about-apple-competition-record-label-leverage-2018-04-03?ref=hypebot.com) yesterday of Spotify with a "hold" rating. "Apple is growing faster than Spotify and has a different business model whereby music does not have to be profitable on a standalone basis," Tinker wrote and predicted $130 per share price for the stock this year.Live NationLive Nation stock, on the other hand, had a strong up day after two day of losses totalling 13%. At Wednesday's closing bell, Live Nation was trading at $38.43, up $1.82 or 4.97%.