On June 8, Nexstar Media Group shares broke the $100 barrier — signaling a full recovery from its COVID-19 fueled slump in value. A slight dip was seen over the next month, but as long-term trends show for the broadcast media company, it would only fuel a new surge in value.
That’s happened: NXST is nearing $100 once again.
With Thursday’s Closing Bell, Nexstar shares are at $95.39 — a gain of $19.35 per share since July 9.
With a 1-year target estimate still at $117.89, the company led by founder Perry Sook appears to be fully on track to achieve this goal by the end of 2020.