The week on Wall Street got off to a wonderful start for two of the biggest broadcast TV companies in the U.S.
Nexstar Media Group saw its shares rise by 5.2%, with a $3.25 jump to $65.60 just minutes before the Closing Bell, where it stayed moving into immediate after-hours trading. Activity was brisk, with 1.33 million shares traded; normal trading volume is 588,312 shares.
At the same time, Sinclair Broadcast Group stock was up by 2.2%, to $29.75, following news that the FCC will not reconsider its decision to approve rule reforms that essentially permit the company to complete its merger with Tribune Media.
Also in the green on Monday was Nielsen. The audience measurement company saw its stock price rise 4.1%, to $33.65.
For a full look at today’s closing prices, please visit the Wall Street Report on the homepage of RBR.com.