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Live Nation Stock Hits Highest Closing Price Since 2022, K-Pop Labels Rebound After Weeks of Losses
Live Nation's stock gains, K-pop share prices recover after losses and more music stocks including Universal Music Group, Spotify and SiriusXM.
Live Nation shares gained 4.0% to hit $103.77 this week, marking the stock’s best closing price since May 2, 2022, and the first time the concert promotion giant had five straight closes above $100 since late April and early May that same year. In a relatively quiet week free of earnings releases or market-moving news, there was roughly an even mix of gains and losses from the most valuable companies. The week’s greatest gainer was Abu Dhabi-based music streamer Anghami, which rose 15.6% to $1.11 and has a market capitalization of just $30.7 million — less than 0.1% of Spotify’s.
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