24/7 Market News Snapshot 30 December, 2024 – LiveOne, Inc. Common Stock (NASDAQ:LVO)

December 30, 2024

DENVER, Colo., 30 December, 2024 (247marketnews.com) – (NASDAQ:LVO) are discussed in this article.
LiveOne, Inc. is witnessing a notable surge in stock performance, trading at $1.319 after opening at $1.20, which represents a remarkable increase of approximately 10.84%. This upward trend follows a previous closing price of $1.190, indicating strong momentum in the market as trading volume nears 973.86K shares. The breakout above the $1.30 resistance level raises expectations for continued growth, with key support noted at $1.20 and the 50-day moving average likely to inform future price behavior. Analysts view the current trading activity as indicative of a positive near-term outlook for LiveOne.

In addition to its impressive stock performance, LiveOne has achieved a significant milestone in its partnership with Tesla, surpassing 450,000 users of the LiveOne app within Tesla vehicles. Notably, over 100,000 of these users are engaging as free ad-supported listeners, spending an average of over 50 minutes per day enjoying music and entertainment during their rides.

Robert Ellin, Chairman and CEO of LiveOne, expressed his excitement about the early successes of this collaboration, emphasizing that it not only highlights a longstanding customer loyalty but also reinforces the company’s commitment to enhancing user experiences across all platforms.

The successful integration of LiveOne into Tesla’s ecosystem underscores the growing opportunities within B2B partnerships in the digital domain. Ellin noted that this venture exemplifies the company’s capability to deliver engaging content and innovative programming, fostering user engagement and retention. With plans to announce additional strategic partnerships soon, LiveOne is focused on extending its collaboration with companies of significant value, aiming to utilize their extensive user bases to provide cost-effective, enriching entertainment experiences. As LiveOne continues to expand its presence on various platforms, it remains dedicated to developing unique solutions that resonate with audiences worldwide.

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