Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Nexstar Media Group Inc shares valued at $341,645 were sold by FITZSIMONS DENNIS J on Mar 27 ’24. At $170.82 per share, FITZSIMONS DENNIS J sold 2,000 shares. The insider’s holdings dropped to 12,027 shares worth approximately $1.94 million following the completion of this transaction.
Also, McNabb Lisbeth sold 3,175 shares, netting a total of over 533,400 in proceeds. Following the sale of shares at $168.00 each, the insider now holds 5,252 shares.
Before that, Strober Michael had sold 1,000 shares from its account. In a trade valued at $167,493, the EVP, Chief Revenue Officer traded Nexstar Media Group Inc shares for $167.49 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.17 million.
As published in their initiating research note from Citigroup on December 08, 2023, Nexstar Media Group Inc [NXST] has been a Neutral and the price target has been revised to $158. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early November. As of September 06, 2022, Rosenblatt has increased its “Neutral” rating to a “Buy” for NXST. Earlier on April 19, 2022, Rosenblatt initiated its rating. Their recommendation was “a Neutral” for NXST stock.
Analyzing NXST Stock Performance
During the last five days, there has been a drop of approximately -1.50%. Over the course of the year, Nexstar Media Group Inc shares have jumped approximately 3.13%. Shares of the company reached a 52-week high of $183.68 on 01/31/24 and a 52-week low of $154.17 on 02/08/24. A 50-day SMA is recorded $164.38, while a 200-day SMA reached $158.69. Nevertheless, trading volume fell to 0.32 million shares from 0.23 million shares the previous day.
Support And Resistance Levels for Nexstar Media Group Inc (NXST)
According to the 24-hour chart, there is a support level at 159.80, which, if violated, would cause prices to drop to 157.96. In the upper region, resistance lies at 163.70. The next price resistance is at 165.75. RSI (Relative Strength Index) is 47.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.77, which suggests the price will decrease in the coming days. Percent R is at 47.75%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
