It seemed inevitable.
Nexstar Media Group shares have over the last five years enjoyed progressive growth, with intermittent dips that have only served to fuel further increases in the broadcast media company’s stock price.
Even as shares dipped to nearly $50 at the height of the COVID-19 pandemic’s stay-at-home restriction period, there was an underlying belief that NXST would rebound at some point.
That point is now. Nexstar shares begin Tuesday’s trading on the Nasdaq GlobalSelect market at a record high.