Shares of Live Nation Entertainment Inc. LYV slumped 0.97% to $90.03 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 0.36% to 4,192.85 and Dow Jones Industrial Average DJIA falling 0.07% to 34,577.04. This was the stock's second consecutive day of losses. Live Nation Entertainment Inc. closed $4.60 below its 52-week high ($94.63), which the company reached on March 3rd.
The stock underperformed when compared to some of its competitors Thursday, as eBay Inc. EBAY rose 1.04% to $64.07, World Wrestling Entertainment Inc. Cl A WWE rose 1.36% to $56.77, and MSG Networks Inc. Cl A MSGN rose 0.45% to $15.77. Trading volume (1.8 M) remained 358,673 below its 50-day average volume of 2.1 M.