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 $5,929,228 were sold by SOOK PERRY A on Dec 26 ’24. At $160.14 per share, SOOK PERRY A sold 37,025 shares. The insider’s holdings dropped to 674,694 shares worth approximately $106.28 million following the completion of this transaction.
Also, SOOK PERRY A sold 15,783 shares, netting a total of over 2,525,531 in proceeds. Following the sale of shares at $160.02 each, the insider now holds 674,694 shares.
Before that, McMillen Charles Thomas had sold 750 shares from its account. In a trade valued at $119,948, the Director traded Nexstar Media Group Inc shares for $159.93 each. Upon closing the transaction, the insider’s holdings decreased to 750 shares, worth approximately $1.1 million.
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 drop of approximately -0.28%. Over the course of the year, Nexstar Media Group Inc shares have dropped approximately -0.28%. Shares of the company reached a 52-week high of $165.39 on 01/06/25 and a 52-week low of $157.26 on 01/08/25. A 50-day SMA is recorded $167.09, while a 200-day SMA reached $166.45. Nevertheless, trading volume fell to 0.28 million shares from 0.31 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 156.32, which, if violated, would cause prices to drop to 155.12. In the upper region, resistance lies at 159.67. The next price resistance is at 161.82. RSI (Relative Strength Index) is 39.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.47, which suggests the price will increase in the coming days. Percent R is at 82.91%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
