Nashville's EXIT/IN shutting down after 51 years, new firm plans to reopen the venue

The Nashville music venue EXIT/IN will close after Thanksgiving, it was revealed Wednesday. Watch for the performances on November 22 and 23.

Agencies
It was announced today that Nashville music venue EXIT/IN will be closed after Thanksgiving. According to a message from owners Chris and Telisha Cobb, the company, which currently owns buildings in Centennial Park and Elliston Place near Vanderbilt University, has decided not to renew its lease, according to Chris and Telisha Cobb.

EXIT/IN is planned to be acquired by AJ Capital Partners this year and relaunched in some capacity. However, it raises the question of whether EXIT/IN will remain an independent venue or an affiliate of Live Nation, which has expanded its investment in Tennessee, including its recent acquisition of Bonnaroo holdings.

Several historic protections are in place to ensure that the building cannot be demolished or remodelled significantly. Cobbs raised $200,000 through a GoFundMe campaign to buy the building but could not convince the buyers to sell it to him. For their last EXIT/IN shows, they've booked some popular bands to perform for their significant sign-off. Fans are in for a nostalgic finale with their favourite live music hub. Look out for the shows on November 22 and 23.


​Market trading guide: Zydus Lifesciences among 4 stock recommendations for Monday​
1/5

During the holiday-shortened week, Nifty ended at close to 17,800 points while Nifty Bank saw some pressure on the final session of the week and ended lower by 0.75%. “The coming week might conclude a road map for the markets till Dec 2022 since we have a mega event of the US Fed. In addition; RBI has scheduled additional MPC meeting on Nov 03, 2022,” said Mehul Kothari - AVP- Technical Research, Anand Rathi Shares & Stock Brokers.



Here are stock 4 recommendations for Monday:
During the holiday-shortened week, Nifty ended at close to 17,800 points while Nifty Bank saw some pressure on the final session of the week and ended lower by 0.75%. “The coming week might conclude ..
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Buy near Rs 610
Target: Rs 645
Stop loss: Rs 590

On the daily scale; we are witnessing a trend line breakout above Rs 605. This breakout also resembles a bullish inverse head and shoulder pattern.

(Mehul Kothari - AVP- Technical Research, Anand Rathi Shares & Stock Brokers)

Buy near Rs 610Target: Rs 645Stop loss: Rs 590On the daily scale; we are witnessing a trend line breakout above Rs 605. This breakout also resembles a bullish inverse head and shoulder pattern.(Mehu..
Read More
Buy near Rs 236
Target: Rs 260
Stop loss: Rs 224

For the last three months; the stock has been trading in a band of Rs 238 - 208. During the last session, it confirmed a range breakout above Rs 238 along with decent volumes.

(Mehul Kothari - AVP- Technical Research, Anand Rathi Shares & Stock Brokers)


Buy near Rs 236Target: Rs 260Stop loss: Rs 224For the last three months; the stock has been trading in a band of Rs 238 - 208. During the last session, it confirmed a range breakout above Rs 238 alon..
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Buying range: Rs 426-432
Target price: Rs 470
Stop loss: Rs 408

Zydus Lifesciences found support around the Rs 319 levels in May, which also roughly coincides with previous intermediate lows of the stock. The stock has subsequently risen and made higher bottoms in the last few months.

In the process, the stock has broken out of a tight range. Momentum readings like the 14-week RSI, too, are in rising mode and not overbought, which is encouraging.

With the intermediate technical setup too looking positive, we believe the stock has the potential to move higher in the coming weeks.

(Subash Gangadharan, Senior Technical and Derivative Analyst, HDFC Securities)
Buying range: Rs 426-432Target price: Rs 470Stop loss: Rs 408Zydus Lifesciences found support around the Rs 319 levels in May, which also roughly coincides with previous intermediate lows of the stoc..
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Selling range-Rs 3,540-3,550 levels.
Downside target: Rs 3,400
Stop loss- Rs 3,640

Divis Lab is in a short-term downtrend as it has been making lower tops and lower bottoms for the last few weeks. On Friday, the stock broke the recent support of Rs 3,562, indicating the downtrend looks set to continue.

Technical indicators are giving negative signals as the stock is now trading below the 20-day and 50-day SMA. Momentum readings like the 14-day RSI are in decline mode, which implies potential for more downsides.

We therefore expect the stock to correct further in the coming sessions.

(Subash Gangadharan, Senior Technical and Derivative Analyst, HDFC Securities)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Selling range-Rs 3,540-3,550 levels.Downside target: Rs 3,400Stop loss- Rs 3,640Divis Lab is in a short-term downtrend as it has been making lower tops and lower bottoms for the last few weeks. On Fr..
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Chris Cobb told Axios that this was EXIT/IN's last show since Charlie Daniels and his band bought the venue in 1979 and renovated it to what it is today. He doesn't know if it will be the last show he hosts, but he hopes for a better and brighter future. Surely the place will be missed by die-hard fans and locals alike.

FAQs:

  1. How much money did Cobbs raise to buy the building?
    Cobbs set up a GoFundMe page and raised almost $200,000 through the campaign so that he could buy the building.
  2. When did Charlie Daniels and his band perform at the EXIT/IN?
    Charlie Daniels and his band performed at the EXIT/IN in 1979.
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