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Checking in on Nexstar Media Group Inc (NXST) after recent insiders movement

Nexstar Media Group Inc’s recent filing unveils that its insider ZIMMER DANA unloaded Company’s shares for reported $0.13 million on Jun 17 ’24. In the deal valued at $149.08 per share,879 shares were sold. As a result of this transaction, ZIMMER DANA now holds 6,638 shares worth roughly $1.11 million.

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Then, COMPTON SEAN sold 840 shares, generating $125,223 in total proceeds. Upon selling the shares at $149.08, the President, Networks now owns 14,614 shares.

Before that, Gliha Lee Ann sold 747 shares. Nexstar Media Group Inc shares valued at $111,359 were divested by the EVP, Chief Financial Officer at a price of $149.08 per share. As a result of the transaction, Gliha Lee Ann now holds 6,591 shares, worth roughly $1.1 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 1.13% to $166.89. Over the last five days, the stock has gained 0.34%. Nexstar Media Group Inc shares have risen nearly 6.47% since the year began. Nevertheless, the stocks have fallen -2.02% 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 06/17/24. SMA at 50 days reached $162.41, while 200 days put it at $158.47. A total of 0.21 million shares were traded, compared to the trading of 0.26 million shares in the previous session.

Levels Of Support And Resistance For NXST Stock

The 24-hour chart illustrates a support level at 165.13, which if violated will result in even more drops to 163.37. On the upside, there is a resistance level at 168.20. A further resistance level may holdings at 169.51. The Relative Strength Index (RSI) on the 14-day chart is 60.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.79%. Stochastics%K at 81.29% indicates the stock is a selling.

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.

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