NXST Stock Summary and Trading Ideas (Nexstar Media Group | NASDAQ:NXST)

Nexstar is the largest television station owner-operator in the United States with over 200 stations in 116 markets, reaching 220 million people. Of its 200 stations, 155 are affiliated with the four national broadcast networks: CBS, Fox, NBC, and ABC. Assuming its merger with Tegna is affirmed Nexstar's station total would exceed 259 and reach 80% of the US population. Nexstar also owns NewsNation (formerly WGN), a cable news network, 75% of the fifth national broadcaster, the CW, and a 31% stake in Food Network and Cooking Channel.

Nexstar Media Group trades on the NASDAQ stock market under the symbol NXST.

As of September 17, 2026, NXST stock price declined to $162.34 with 300,062 million shares trading.

NXST has a beta of 0.15, meaning it tends to be less sensitive to market movements. NXST has a correlation of 0.00 to the broad based SPY ETF.

NXST has a market cap of $5.00 billion. This is considered a Mid Cap stock.

Last quarter Nexstar Media Group reported $2 billion in Revenue and $3.61 earnings per share. This beat revenue expectation by $13 million and missed earnings estimates by -$3.67.

In the last 3 years, NXST traded as high as $254.30 and as low as $132.30.

The top ETF exchange traded funds that NXST belongs to (by Net Assets): VTI, IJH, SCHD, VB, DVY.

NXST has underperformed the market in the last year with a price return of -16.3% while the SPY ETF gained +16.7%. NXST has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.6% and -8.4%, respectively, while the SPY returned +1.9% and -0.3%, respectively.

NXST support price is $159.88 and resistance is $167.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NXST shares will trade within this expected range on the day.