In a filing, Nexstar Media Group Inc revealed its Director FITZSIMONS DENNIS J unloaded Company’s shares for reported $0.34 million on Mar 27 ’24. In the deal valued at $170.82 per share,2,000 shares were sold. As a result of this transaction, FITZSIMONS DENNIS J now holds 12,027 shares worth roughly $1.96 million.
Then, McNabb Lisbeth sold 3,175 shares, generating $533,400 in total proceeds. Upon selling the shares at $168.00, the Director now owns 5,252 shares.
Before that, Strober Michael sold 1,000 shares. Nexstar Media Group Inc shares valued at $167,493 were divested by the EVP, Chief Revenue Officer at a price of $167.49 per share. As a result of the transaction, Strober Michael now holds 1,076 shares, worth roughly $0.18 million.
Citigroup initiated its Nexstar Media Group Inc [NXST] rating to a Neutral in a research note published on December 08, 2023; the price target was $158. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early November from “an Overweight” to “an Equal weight”. Rosenblatt also remained covering NXST and has increased its forecast on September 06, 2022 with a “Buy” recommendation from previously “Neutral” rating. Rosenblatt started covering the stock on April 19, 2022. It rated NXST as “a Neutral”.
Price Performance Review of NXST
On Tuesday, Nexstar Media Group Inc [NASDAQ:NXST] saw its stock jump 1.30% to $163.11. Over the last five days, the stock has gained 2.55%. Nexstar Media Group Inc shares have risen nearly 4.06% since the year began. Nevertheless, the stocks have fallen -5.56% over the past one year. While a 52-week high of $187.32 was reached on 01/31/24, a 52-week low of $132.30 was recorded on 02/08/24. SMA at 50 days reached $165.39, while 200 days put it at $159.10. A total of 0.27 million shares were traded, compared to the trading of 0.35 million shares in the previous session.
Levels Of Support And Resistance For NXST Stock
The 24-hour chart illustrates a support level at 161.02, which if violated will result in even more drops to 158.92. On the upside, there is a resistance level at 164.83. A further resistance level may holdings at 166.54. The Relative Strength Index (RSI) on the 14-day chart is 48.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.04%. Stochastics %K at 38.04% indicates the stock is a holding.
The most recent change occurred on October 15, 2020 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $130 price target.
