Live Nation Stock Keeps Tumbling as Coronavirus Self-Isolation Becomes Commonplace

billboard.com:

The share price dropped as much as 33% Wednesday before rebounding slightly to end the day down 13%. Another day, another decimation on Wall Street.

Live Nation shares fell as much as 33% by midday Wednesday (March 18) as municipalities around the U.S. further limit the size of gatherings and people brace for months of social isolation due to the coronavirus pandemic.

The share price dropped from Tuesday’s $33.92 closing price to a low $21.70 by Wednesday afternoon, marking the first sub-$22 price since June 2016 and a 61.5% drop since its 52-week high set Feb.

19. After markets’ rebounded with news President Donald Trump seeks $500 billion in direct payments to U.S.