It’s been a great month for Nexstar Media Group. In the past 30 days, the company’s stock has sharply rebounded. As of midday Wednesday, its shares are just shy of its six-month high.
As of 1:26pm Eastern, Nexstar was up 17 cents, to $66.72.
With a 1-year target estimate of $85.11, this represents value to many investors. As such, Nexstar has risen from a recent low of $59.25 seen on Oct. 17, following a rally from a low of $57.05 on Sept. 14.
Nexstar last traded at this level in late July.
Additionally, Nexstar’s five-year trend shows healthy long-term growth, with future ebbs and flows expected.
Elsewhere on Wall Street ahead of Wednesday’s Closing Bell:
- Salem Media Group was off 5 cents, to $4.75.
- Townsquare Media was up 15 cents, to $7.60.
For a live look at stock prices across each business day, and at the closing prices of top media companies’ stock after the Closing Bell, please visit the Wall Street Report on the homepage of RBR.com.