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Business Wire (Wed, 27-Mar 1:30 PM ET)
Nexstar Media Releases Statement on FCC Ruling Regarding Its Relationship With WPIX-TV
Business Wire (Thu, 21-Mar 5:40 PM ET)
Nexstar Media Group Reports Fourth Quarter Net Revenue of $1.3 Billion
Business Wire (Wed, 28-Feb 7:00 AM ET)
Business Wire (Mon, 19-Feb 11:30 AM ET)
Nexstar Media Group to Participate in Upcoming Investor Conferences
Business Wire (Thu, 15-Feb 2:00 PM ET)
Business Wire (Tue, 13-Feb 4:15 PM ET)
Business Wire (Tue, 13-Feb 11:00 AM ET)
Business Wire (Mon, 5-Feb 4:05 PM ET)
NIELSEN AND NEXSTAR ANNOUNCE COMPREHENSIVE AGREEMENT FOR LOCAL & NATIONAL TV MEASUREMENT SERVICES
PRNewswire (Wed, 31-Jan 3:30 PM ET)
Business Wire (Mon, 29-Jan 4:30 PM ET)
Nexstar Media Group Inc is the largest television station owner-operator in the United States with over 200 stations in 116 markets. Of its 200 stations, 155 are affiliated with the four national broadcast networks: CBS, Fox, NBC, and ABC. The 2019 merger with Tribune made Nexstar the top broadcast affiliate for both Fox and CBS as well as the number-two partner for NBC and number three for ABC. The firm has stations in 12 of the top 20 television markets and reaches 68% of us TV households. Nexstar also owns NewsNation (formerly WGN), a nationwide pay-television network, 75% of 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 March 28, 2024, NXST stock price climbed to $172.62 with 5,890 million shares trading.
NXST has a beta of 1.23, meaning it tends to be more sensitive to market movements. NXST has a correlation of 0.16 to the broad based SPY ETF.
NXST has a market cap of $5.86 billion. This is considered a Mid Cap stock.
Last quarter Nexstar Media Group reported $1 billion in Revenue and $3.32 earnings per share. This fell short of revenue expectation by $-6 million and missed earnings estimates by -$.88.
In the last 3 years, NXST stock traded as high as $217.76 and as low as $132.30.
The top ETF exchange traded funds that NXST belongs to (by Net Assets): IJH, VTI, VB, COWZ, SCHD.
NXST stock has underperformed the market in the last year with a return of +6.0%, while SPY returned +33.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in NXST shares. However, NXST has outperformed the market in the last 3 month and 2 week periods, returning +10.8% and +1.9%, while SPY returned +10.1% and +1.7%, respectively. This indicates NXST has been having a stronger performance recently.
NXST support price is $168.26 and resistance is $175.52 (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 stock will trade within this expected range on the day.