Todd Spangler NY Digital EditorShares of Live Nation Entertainment dropped more than 6% in trading Monday, coming after a crowd surge at Travis Scott’s Astroworld Festival in Houston last Friday night left eight people dead and hundreds injured.Live Nation was the promoter for Astroworld, which drew 50,000 people to Houston’s NRG Park for rapper Scott’s headline act and performances from artists including SZA, Lil Baby and Roddy Ricch.The stock dip comes after Live Nation shares hit all-time highs last week.
Shares popped more than 14% on Nov. 4, when the company posted third-quarter 2021 results that beat Wall Street earnings expectations, attributed to the post-pandemic return of festival concerts primarily in the U.S.
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