Nexstar Media Group shares soared to another new high on Thursday, one day following the release of a Reuters report that suggests buyout firm Apollo Global Management has expressed interest in acquiring the company.
Volume was nearly twice its average, as NXST inched closer to its 1-year target estimate.
At the Closing Bell, Nexstar was at $84, rising 3.7% from Wednesday.
It has a 1-year target estimate of $90.20.
Volume was 1.3 million shares; average volume is 675,776 shares.
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Nexstar Surges On Rumor Of Apollo Launch
Wednesday, July 12, 2018
