Technical Report on Diversified Entertainment Stocks -- Live Nation Entertainment, Liberty Media, IMAX Corp., and World Wrestling Entertainment
NEW YORK, July 20, 2016 /PRNewswire/ --
As competition intensifies in the Diversified Entertainment space, large corporations are constantly coming up with new, fresh, and effective ways to lure viewers in and keep them interested. Stock-Callers.com studies the following equities and see how current trends have affected their recent performances: Live Nation Entertainment Inc. (NYSE: LYV), The Liberty Media Group (NASDAQ: LMCK), IMAX Corp. (NYSE: IMAX), and World Wrestling Entertainment Inc. (NYSE: WWE). Subscribe today to view the notes on these stocks at:
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Live Nation Entertainment
On Tuesday, Beverly Hills, California headquartered Live Nation Entertainment Inc.'s stock recorded a trading volume of 758,643 shares and ended the session 0.28% higher at $24.94. The Company's shares have gained 7.18% in the last one month, 13.36% in the previous three months, and 1.51% since the start of this year. The stock is trading 5.78% above its 50-day moving average and 6.20% above its 200-day moving average. Moreover, shares of Live Nation Entertainment, which operates through Concerts, Ticketing, Artist Nation, and Sponsorship & Advertising segments, have a Relative Strength Index (RSI) of 68.47.
On July14th, 2016, Live Nation Entertainment announced that it will release its second quarter 2016 financial results after market hours on Thursday, July 28th, 2016. Michael Rapino, Live Nation Entertainment's President and CEO, will host a teleconference on the same day to discuss the company's financial performance at 5:00 p.m. ET. Sign up and read the note on LYV at:
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Liberty Media
Englewood, Colorado headquartered The Liberty Media Group's stock closed the day 0.49% higher at $20.68, and with a total volume of 380,015 shares traded. The Company's shares have advanced 14.32% in the past month and 14.76% over the previous three months. The stock is trading 9.59% above its 50-day moving average. Additionally, shares of Liberty Media Group, which together with its subsidiaries, is engaged in a range of media, communications, and entertainment businesses primarily in North America, have an RSI of 74.37.
On June 25th, 2016, Liberty Media Corp. announced the completion of its rights offering, which expired on June 16th, 2016. A portion of the net proceeds from the rights offering were used to repay in full the note from Braves Holdings, LLC to Liberty. Liberty Media stated that the rights offering was fully subscribed with 15,833,634 shares of Series C Liberty Braves common stock to be issued to those right holders exercising basic and, if applicable, oversubscription privileges. The complimentary notes on LMCK can be accessed at:
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IMAX Corp.
Shares in Mississauga, Canada headquartered IMAX Corp. recorded a trading volume of 584,945 shares and ended yesterday's trading session 0.63% lower at $30.17. The stock has advanced 1.11% in the past month and is trading below its 50-day moving average by 2.11%. Furthermore, shares of IMAX, which together with its subsidiaries, operate as an entertainment technology company specializing in motion picture technologies and presentations worldwide, have an RSI of 54.02.
On June 22nd, 2016, IMAX and AMC Theatres announced an expansion of the companies' existing full joint revenue sharing arrangement with the addition of 25 IMAX® at AMC theatres. The theatres are expected to be installed in 2016 through 2019 at both existing and new-build AMC locations, with the majority of the IMAX at AMC theatres opening within the next two years. The agreement brings AMC's total IMAX commitment to 185 theatres and reinforces its position as the largest IMAX exhibitor in North America. Register for free on Stock-Callers.com and access the latest notes on IMAX at:
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World Wrestling Entertainment
Stamford, Connecticut headquartered World Wrestling Entertainment Inc.'s stock finished Tuesday's session 2.43% lower at $19.68. A total volume of 476,476 shares was traded, which was above their three months average volume of 469,230 shares. The Company's shares have advanced 6.03% in the last one month, 21.12% over the previous three months, and 11.84% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 8.80% and 13.61%, respectively. Additionally, shares of World Wrestling Entertainment, which engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America, have an RSI of 60.16.
On June 16th, 2016, WWE announced an exclusive multi-year content distribution agreement with PPTV to deliver its flagship shows Raw® and SmackDown® in Mandarin. WWE also announced its first live event in more than three years with WWE Live 2016 in China on September 10th, 2016. WWE notes are available for free at:
http://stock-callers.com/registration/?symbol=WWE
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