Live Nation Drops Most in a Year After CEO Rapino Sells Shares
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Live Nation Entertainment Inc., the world’s biggest concert promoter and ticket seller, fell the most in more than a year after Chief Executive Officer Michael Rapino sold about a third of his shares in the company.
Live Nation declined 4.8 percent to $17.32 at the close in New York, for the biggest one-day decline since Aug. 10, 2012. The Beverly Hills, California-based company has added 86 percent this year.