Live Nation CEO Michael Rapino sells $35.4M in stock

Michael Rapino, CEO of Live Nation Entertainment, sold approximately $35.4 million worth of company shares on November 12, 2026, as part of exercising stock options. He divested 195,578 shares at average prices between $180.19 and $182.11 per share. Live Nation's stock was trading near its 52-week peak of $189.25 at the time, having risen 25% year-to-date and 31% over the past year.

Prior to the sale, Rapino had bought 195,578 shares at $29.03 each, costing around $5.68 million. Following the transactions, he owned about 4.2 million shares in the company. For more detailed analysis of Live Nation's valuation and financials, investors can refer to the Pro Research Report accessible on InvestingPro. Live Nation's Q3 earnings exceeded forecasts, reporting adjusted earnings of $1.69 per share on $10.11 billion in revenue.

The company's record concert attendance topped 60 million fans, with a 29% rise in international attendance. Ticketmaster, a subsidiary, added over 20 million net new tickets, leading to an increase in full-year adjusted operating income guidance. BTIG maintained a Buy rating for Live Nation with a price target of $215, citing Venue Nation's anticipated significant EBITDA contribution over the next several years.