Nexstar Broadcasting Group (NASDAQ:NXST) has been under a strong bear grip, hence the stock is down -2.26% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 5.86% in the past 1 week. The stock has risen by 7.22% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.68% in the past 4 weeks.
The company shares have dropped -5.82% from its 1 Year high price. On Dec 7, 2015, the shares registered one year high at $61.79 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $50.10 and the 200 Day Moving Average price is recorded at $48.24.
The stock has recorded a 20-day Moving Average of 5.01% and the 50-Day Moving Average is 1.2%.
Nexstar Broadcasting Group (NASDAQ:NXST): stock turned positive on Friday. Though the stock opened at $49.36, the bulls momentum made the stock top out at $51.64 level for the day. The stock recorded a low of $48.51 and closed the trading day at $51.1, in the green by 4.80%. The total traded volume for the day was 721,280. The stock had closed at $48.76 in the previous days trading.
In an insider trading activity, Carter Thomas, CFO of Nexstar Broadcasting Group Inc, executed a transaction worth $44,550 on February 29, 2016. A total of 1,000 shares were purchased at an average price of $44.55. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Nexstar Broadcasting Group, Inc. is a television broadcasting and digital media company focused on the acquisition, development and operation of television stations and interactive community Websites in medium-sized markets in the United States. As of December 31, 2014, the Company owned, operated, programmed or provided sales and other services to 87 television stations and 26 digital multicast channels in 49 markets in the states of Illinois, Indiana, Maryland, Missouri, Montana, Tennessee, Texas, Pennsylvania, Louisiana, Arkansas, Alabama, New York, Florida, Wisconsin, Michigan, Utah, Vermont, California, Iowa, Colorado and Virginia. The stations the Company owns and operates or provides services to provide free over-the-air programming to its markets television viewing audiences. This programming includes programs produced by networks with which the stations are affiliated; programs that the stations produce, and first-run and rerun syndicated programs that the stations acquire.