Liberty Media Stock Strengthens; Bullishly Trading Near All-Time High

Like nearly every other company, conglomerate Liberty Media (LSXMA) took its lumps in the early days of the pandemic. And, also like many, it’s come roaring back this year on growth in its Sirius radio, Formula One racing, Live Nation Entertainment and other businesses. On Friday, the Relative Strength (RS) Rating for Liberty Media stock climbed to 75, up from 70 the day before.


The new 75 Relative Strength Rating means that Liberty Media stock price has performed in the top 25% of all stocks, making it one to watch. It’s much improved but CAN SLIM investors like to see a little better RS Rating. Market research shows that the top-performing stocks often have an RS Rating over 80 in the early stages of their moves.

Liberty Media Stock Rises Along With Profits

Liberty Media says its Live Nation Entertainment business is the largest live entertainment company in the world. It includes concerts, sponsorship of sports teams, advertising and tickets. Liberty Media also owns the Atlanta Braves baseball team and associate real estate.

Last quarter, earnings jumped to $1 per share from a slim 3 cents a share a year earlier. The quarter before last it reported a 467% surge in EPS to 99 cents, reversing from a 27 cent loss the same quarter a year ago. Sales rose 9% last quarter to $2.198 billion.

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Because of the weakness in prior quarters Liberty Media stock has a just OK 63 Composite Rating. Likewise, its 60 EPS Rating is less than ideal. Look for those ratings to improve if it continues to put up strong numbers.

Liberty Media stock is not currently offering a proper buying opportunity. See if the stock goes on to form a chart pattern that could ignite a new run.

Liberty Media stock earns the No. 9 rank among its peers in the Media-Diversified industry group. Sony Group (SONY) and Fox (FOXA) are among the group’s highest-rated stocks.

When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.

This proprietary rating measures market leadership by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.


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