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Spotify Share Price Reaches New High as Music Stocks Get Off to Strong Start in 2025
Spotify’s share price hit a new high as music stocks overall start 2025 strong. The streamer finished the week at a record closing price of $510.43.
Live Nation shares rose 3.8% to $140.74 on Friday, falling just shy of the all-time high of $141.18 reached on Nov. 25, 2024. A dozen of the 20 music stocks finished the week in positive territory, with three exceeding 5% gains. On Tuesday (Jan. 21), Morgan Stanley upgraded Tencent Music to “overweight” from “equal weight.” K-pop company SM Entertainment also did well, gaining 7.1% to 84,000 won ($58.76), bringing its year-to-date increase to 11.1%.
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