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 June 9, 2026, NXST stock price climbed to $179.57 with 284,809 million shares trading.

NXST has a beta of 0.23, meaning it tends to be less sensitive to market movements. NXST has a correlation of 0.01 to the broad based SPY ETF.

NXST has a market cap of $5.48 billion. This is considered a Mid Cap stock.

Last quarter Nexstar Media Group reported $1 billion in Revenue and $5.09 earnings per share. This beat revenue expectation by $133 million and exceeded earnings estimates by $.62.

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, VB, SCHD, DVY.

NXST has underperformed the market in the last year with a price return of +11.1% while the SPY ETF gained +24.1%. NXST has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -26.5% and -4.5%, respectively, while the SPY returned +8.9% and -1.8%, respectively.

NXST support price is $173.28 and resistance is $181.80 (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.