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 $1,196,613 were sold by WEITMAN GARY on Sep 26 ’24. At $164.80 per share, WEITMAN GARY sold 7,261 shares. The insider’s holdings dropped to 5,216 shares worth approximately $0.96 million following the completion of this transaction.
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Also, McMillen Charles Thomas sold 250 shares, netting a total of over 41,111 in proceeds. Following the sale of shares at $164.44 each, the insider now holds 7,725 shares.
Before that, WEITMAN GARY had added 7,261 shares to its account. In a trade valued at $1,196,613, the Officer bought Nexstar Media Group Inc shares for $164.80 each.
As published in a research note from Wells Fargo on May 13, 2024, Nexstar Media Group Inc [NXST] has been rated up from an Equal weight to an Overweight and the price target has been revised to $221 from $190. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in early December. As of November 09, 2022, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for NXST. Earlier on September 06, 2022, Rosenblatt upgraded its rating. Their new recommendation was “a Buy” for NXST stock which previously was a “a Neutral”.
Analyzing NXST Stock Performance
During the last five days, there has been a surge of approximately 2.71%. Over the course of the year, Nexstar Media Group Inc shares have jumped approximately 16.91%. Shares of the company reached a 52-week high of $187.27 on 07/31/24 and a 52-week low of $147.25 on 06/17/24. A 50-day SMA is recorded $168.20, while a 200-day SMA reached $166.96. Nevertheless, trading volume fell to 0.72 million shares from 0.35 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 178.76, which, if violated, would cause prices to drop to 174.27. In the upper region, resistance lies at 186.32. The next price resistance is at 189.39. RSI (Relative Strength Index) is 68.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.58, which suggests the price will increase in the coming days. Percent R is at 9.23%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
