Nexstar Enjoys A Divestment Bump On Wall Street


Nexstar Media Group shares reached another new record high, thanks to a 3% jump in value in Thursday’s trading on Wall Street.

At the Closing Bell, NXST sat at $108.65, up $3.11 from Wednesday.

This is largely thanks to the divestment of stations to The E.W. Scripps Co. and TEGNA in order for it to complete its acquisition of Tribune Broadcasting.

Volume was 708,354 shares; normal trading volume is 567,718 shares.

Nexstar has a 1-year target estimate now at $114.55 and is well on its way to approaching that price.

In early after-market trading, NXST gave back 59 cents, to move to $108.06.

Scripps shares were up 22 cents to $22.09, while TEGNA stock was up by 11 cents, to $14.12.