Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Nexstar Media Group Inc shares valued at $7,979,800 were sold by SOOK PERRY A on Nov 22 ’24. At $170.00 per share, SOOK PERRY A sold 46,940 shares. The insider’s holdings dropped to 674,694 shares worth approximately $115.47 million following the completion of this transaction.
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Also, Jenkins Brett sold 4,331 shares, netting a total of over 739,042 in proceeds. Following the sale of shares at $170.64 each, the insider now holds 25,540 shares.
Before that, Jenkins Brett had added 4,331 shares to its account. In a trade valued at $739,042, the Officer bought Nexstar Media Group Inc shares for $170.64 each.
As published in a research note from Loop Capital on November 08, 2024, Nexstar Media Group Inc [NXST] has been rated down from a Buy to a Hold and the price target has been revised to $190 from $200. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid May. As of December 08, 2023, Citigroup has initiated its “Neutral” rating for NXST. Earlier on November 09, 2022, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for NXST stock which previously was a “an Overweight”.
Analyzing NXST Stock Performance
During the last five days, there has been a surge of approximately 2.59%. Over the course of the year, Nexstar Media Group Inc shares have jumped approximately 9.19%. Shares of the company reached a 52-week high of $191.86 on 11/07/24 and a 52-week low of $147.25 on 06/17/24. A 50-day SMA is recorded $169.16, while a 200-day SMA reached $166.70. Nevertheless, trading volume fell to 0.24 million shares from 0.33 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 170.31, which, if violated, would cause prices to drop to 169.48. In the upper region, resistance lies at 172.54. The next price resistance is at 173.94. RSI (Relative Strength Index) is 52.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.34, which suggests the price will increase in the coming days. Percent R is at 54.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
