Music stocks declined on Wall Street in the year 2011
03 Jan 2012
Music stocks gave an impression of a broader market in 2011 and were a blend of both good as well as bad with a decline on the whole. Billboard's list including ten music stocks fell down by 4 percent in average.
The most specific music stocks - Sirius XM, Pandora, Trans World, Warner Music Group and Live Nation had just an average benefit of around 7.2 percent. Those performances of stock ran the scale from the decline of 42.5-percent to a gain of 46.5-percent.
The list of the ten stocks that ranked from the best to the worst performance is as follows.
Trans World: up in the year 2011 to 47.4 percent. In the month of October their revenue was dropped to 17 percent although the net loss significantly improved from 67 percent to around 67 percent.
Warner Music Group: up in the year 2011 to 46.5 percent. The spear in the Warner's stock came in 2011 in May because of its sale to the Access Industries. The stock actually closed in starting of January at $5.65 and then shot up during the end of the month.
Apple (AAPL): up in the year 2011 to 25.6 percent. Apart from a profitable performance of the Apple’s stock in 2011, it also ended up with 7.1 percent after the demise of the co-founder and chairman Steve Jobs in the month of October. The stock went up by 7.7 percent since the jobs twisted over the position of CEO Tim Cook in August.
Sirius XM rose up to11.7 percent. The stock of Sirius XM seldom sits still. It jumped down from $2.44 to an average of $1.27.
Amazon (AMZN): In 2011 it was down to 4.3 percent. It rose to $246.71 in the month of October although at $173.10.












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