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Nexstar Media Group, Inc.

NXST · NASDAQ

Market closed$183.71$-1.55 (-0.84%)After hours $183.71 · 0.00%

Key statistics

Previous close$185.26
Open$184.18
Day high$185.65
Day low$182.33
52-week high$254.30
52-week low$154.47
Market cap5.61B
Volume178.62K
Average volume393.87K
P/E ratio11.74
Forward P/E—
EPS15.65
Dividend yield+4.05%

Market context

Why it moved

NXST shares declined modestly amid a broader market rotation out of risk assets as a broken ceasefire and renewed geopolitical tensions in the Middle East weighed on investor sentiment across sectors.

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What is happening

Recent company-specific developments and publisher coverage.

July 16, 2026Nexstar Media Group shares rallied sharply, significantly outperforming the broader Communication Services sector (XLC was little changed), after Bloomberg reported that the FCC is expected to repeal the longstanding 39% national TV audience ownership cap — a direct catalyst for Nexstar's $6.2 billion acquisition of Tegna. The rule change, to be voted on August 6, would replace the cap with a case-by-case public-interest review, clearing a key regulatory hurdle for a deal that would reach roughly 80% of U.S. TV households. Volume ran more than double the average, reflecting strong investor conviction around the merger's improved prospects.

4.3518

July 14, 2026Nexstar Media Group closed modestly higher as the company navigates its pending $6.2 billion all-cash acquisition of TEGNA, which remains under regulatory and legal scrutiny after a Colorado court's temporary restraining order earlier this year — even as TEGNA formally appointed Scott Gill as VP of Technology and Operations on July 13. The broader backdrop was cautious, with the XLC Communication Services ETF edging lower in after-hours trade amid renewed U.S.-Iran tensions that weighed on equity markets, and volume in NXST running well below average, suggesting investors are in a wait-and-see mode ahead of Q2 earnings season.

0.8101

July 10, 2026Nexstar Media Group closed modestly lower, retreating from an intraday high of $180.87, as investors weighed upcoming Q2 earnings (scheduled for August 6) and ongoing uncertainty surrounding the company's proposed $6.2 billion acquisition of TEGNA, which remains subject to a court-issued temporary restraining order. Providing a constructive backdrop, CEO Perry Sook made a notable insider purchase of 12,235 shares at $162.26 in late June, and analysts maintain a consensus Buy rating with a $259.67 price target — well above current levels — suggesting the stock may be viewed as undervalued relative to long-term potential.

-1.4663

July 9, 2026Nexstar Media Group edged up modestly in regular trading and extended the gain slightly in after-hours, outperforming the broader Communication Services sector (XLC), which was essentially flat in after-hours. Investor focus remains on the company's Q2 earnings call scheduled for August 6, while a notable vote of confidence came from CEO Perry Sook's recent open-market purchase of over 12,000 shares at ~$162. Analysts maintain a consensus Buy rating with a $259.67 price target, implying significant upside from current levels, as the pending $6.2B acquisition of TEGNA navigates ongoing legal hurdles after a court issued a temporary restraining order earlier this year.

0.2497

July 8, 2026Nexstar Media Group closed modestly lower amid a broad market risk-off session driven by escalating U.S.-Iran tensions, which sent oil prices surging over 5% and pressured Communication Services stocks — a sector that logged its worst monthly performance in June at -7.2%. Investor focus is also on the company's August 6 earnings call and its ongoing TEGNA acquisition saga, while CEO Perry Sook's recent purchase of 12,235 shares at $162.26 signals insider conviction; Wall Street maintains a consensus Buy rating with a $259.67 average price target.

-1.7947

July 2, 2026Nexstar Media Group shares rose modestly, outperforming the broader Communication Services sector (XLC), as investors responded to a notable vote of confidence from CEO Perry Sook, who made a rare open-market purchase of 12,235 shares worth approximately $1.99 million on June 26 — the only insider buy among 57 insider transactions in the past six months. The stock is also in focus as it navigates its pending $6.2 billion acquisition of Tegna, which faces a temporary court restraining order despite prior FCC approval and Trump's backing, while Comcast's announced NBCUniversal spinoff is reshaping the broader broadcast media landscape. In after-hours trading, shares surged an additional 4.5% to ~$189.49, well above the consensus analyst target of ~$259.

1.5566

July 1, 2026Nexstar Media Group shares rallied nearly 5%, far outpacing the broader Communication Services sector, driven by a notable confluence of catalysts. CEO Perry Sook's open-market purchase of 12,235 shares (~$2M) on June 26 signaled strong insider conviction, while the broader media sector got a lift from Comcast's announcement to spin off NBCUniversal and Sky — a move that sparked renewed investor interest in broadcasting and local TV assets. Nexstar is also seen as a direct beneficiary of a recent Supreme Court campaign finance ruling that could channel significantly more political ad dollars into local TV stations and its NewsNation network.

4.6038

June 30, 2026Nexstar Media Group shares rallied, outperforming the broader Communication Services sector (XLC essentially flat), lifted by a significant vote of confidence from CEO Perry Sook, who purchased 12,235 shares on the open market for roughly $2 million at an average of ~$162 — a notable insider buy signal near the stock's 12-month low. The move comes amid broader media sector tailwinds from Comcast's blockbuster NBCUniversal spin-off announcement and easing U.S.-Iran tensions, which drove a sharp Communication Services rebound. Analysts maintain a consensus Buy with a $259.67 price target, well above current levels.

4.1037

Simply Wall Street · July 16, 2026Is Nexstar Media Group (NXST) Undervalued After The Hill Insider Launch?Deadline · July 9, 2026Nexstar Decries $6.2B Tegna Merger Injunction, Calls Out DirecTV & State AGsTheDesk.net · July 9, 2026Appeals court tosses challenge to FCC’s approval of Nexstar-TEGNA dealSimply Wall Street · June 25, 2026Nexstar Media Group (NXST) Buys TEGNA As NewsNation And The CW Gain Ground
Mt Newswire · July 15, 2026Sector Update: Consumer
Mt Newswire · July 15, 2026Market Chatter: Nexstar's Tegna Acquisition to Get Boost From FCC's Expected Repeal of Audience Cap
Benzinga · July 15, 2026'FCC Said to Repeal Broadcast Audience Cap in Win for Nexstar'- Bloomberg
Mt Newswire · July 15, 2026Nexstar's Tegna Acquisition to Get Boost From FCC's Expected Repeal of Audience Cap, Bloomberg Reports
Mt Newswire · May 21, 2026Market Chatter: Nexstar Media Seeks Faster Review of Court Order Halting Tegna Merger
Mt Newswire · May 19, 2026Nexstar Media Group Insider Sold Shares Worth $980,000, According to a Recent SEC Filing
Mt Newswire · May 11, 2026Deutsche Bank Adjusts Nexstar Media Group Price Target to $255 From $270, Maintains Buy Rating
Mt Newswire · May 7, 2026Nexstar Media Group Q1 Earnings, Revenue Rise

Peers

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