Beasley Bump, Nexstar Shines On Red Day For Stocks


U.S. financial markets fell on Thursday, with the Dow Jones Industrial Average down 137.65 to 25,986.92 and Nasdaq off 21.32 to 8,088.36. That didn’t stop Nexstar from having a great day on Wall Street, while Beasley shares were up 8.7%.

At the Closing Bell, NXST advanced 65 cents to $81.30. On August 27, Nexstar hit $82.30, capping a month-long growth spurt that saw shares rise from $73.05 on Aug. 2.

To date, Nexstar’s highest closing price is $84, seen on July 12.

NXST’s 1-year target estimate now stands at $88.55.

For Beasley, a healthy rebound to $7.50 came thanks to strong gains in afternoon trading. Volume was 183,383 shares; average volume is 65,986 shares.

The finish puts BBGI at its highest closing price in a month, following two dips to $6.25 seen earlier this month.

Still, Beasley shares were at $10.80 on July 19; an $8.50 1-year target price is presently shown for the pure-play radio company.