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.
