On October 9, Nexstar Media Group shares dipped below the $200 mark, and headed downward through November 14. One month later, growth in the company’s stock price has resulted in another stab at an all-time high for “NXST” on Nasdaq.
With Wednesday’s Closing Bell on Wall Street, Nexstar shares were valued at $205.27.
As of 11am Thursday, “NXST” has a valuation of $208.17, climbing 1.4% from December 10.
That’s the best performance for “NXST” since September 19 and marks a healthy rebound from the $182.18 closing price seen roughly one month ago for the nation’s No. 1 owner of broadcast TV stations.
With Nexstar’s merger with TEGNA awaiting regulatory approval and company founder and Chairman/CEO Perry Sook confident that he’ll get the deal done without fretting over a roughly $150 million non-consummation fee, the trading results are positive for a company with a forward dividend of 7.44 and a 3.76% yield for investors.
