LYV President & CFO Joe Berchtold sold 29,310 shares for $2,857,675.92; holdings reduce to 566.7K shares (-4.9%)
Joe Berchtold sold 29,310 shares in 2 separate transactions at blended average price $97.50 on 2024-09-12, reducing his holdings from 596,032 shares to 566,722 shares. At the current price of $97.27, the stock is -8.9% from its 52-week high of $106.81, and has risen +5.9% over the past 30 days and +9.6% over 90 days. Berchtold's prior 5 sales at LYV all showed negative 30-day returns (-0.6% to -2.7%) but positive 90-day returns (+11.0% to +14.4%), with 0 of 5 prior sales well-timed at the 90-day mark. The sale size represents a -4.9% reduction in Berchtold's stake in a company with $6.0B in revenue, 36.4% annual revenue growth, and a P/E of 43.04.