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. Pending approval, Nexstar's merger with Tegna would bring Nexstar's station total to 259 in 133 markets, reaching 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 February 19, 2026, NXST stock price declined to $233.36 with 257,966 million shares trading.

NXST has a beta of 0.70, meaning it tends to be less sensitive to market movements. NXST has a correlation of 0.15 to the broad based SPY ETF.

NXST has a market cap of $7.07 billion. This is considered a Mid Cap stock.

Last quarter Nexstar Media Group reported $1 billion in Revenue and $2.14 earnings per share. This fell short of revenue expectation by $-2 million and missed earnings estimates by -$.01.

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): IJH, SCHD, VTI, VB, DVY.

NXST has outperformed the market in the last year with a price return of +55.9% while the SPY ETF gained +13.1%. NXST has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +26.0% and +10.1%, respectively, while the SPY returned +4.0% and -0.2%, respectively.

NXST support price is $232.38 and resistance is $243.76 (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.