KD Logo

Keeping an Eye on Nexstar Media Group Inc (NXST) After Insider Trading Activity

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 $2.16 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 $0.19 million.

Wells Fargo upgraded its Nexstar Media Group Inc [NXST] rating to an Overweight from a an Equal weight in a research note published on May 13, 2024; the price target was increased to $221 from $190. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early December with a ‘”a Neutral”‘ rating. Wells Fargo also remained covering NXST and has decreased its forecast on November 09, 2022 with a “an Equal weight” recommendation from previously “an Overweight” rating. Rosenblatt revised its rating on September 06, 2022. It rated NXST as “a Buy” which previously was an “a Neutral”.

Price Performance Review of NXST

On Tuesday, Nexstar Media Group Inc [NASDAQ:NXST] saw its stock jump 3.15% to $179.69. Over the last five days, the stock has gained 7.99%. Nexstar Media Group Inc shares have risen nearly 14.63% since the year began. Nevertheless, the stocks have risen 12.45% over the past one year. While a 52-week high of $187.32 was reached on 05/14/24, a 52-week low of $132.30 was recorded on 02/08/24. SMA at 50 days reached $165.58, while 200 days put it at $158.20. A total of 0.41 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 175.77, which if violated will result in even more drops to 171.84. On the upside, there is a resistance level at 184.52. A further resistance level may holdings at 189.34. The Relative Strength Index (RSI) on the 14-day chart is 64.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.22%. Stochastics %K at 72.26% indicates the stock is a holding.

The most recent change occurred on April 19, 2022 when Rosenblatt began covering the stock and recommended ‘”a Neutral”‘ rating along with a $180 price target.

Most Popular

[the_ad id="945"]