On April 23, a $117.65 close marked a new high on Wall Street for shares of Nexstar Media Group.
Over the next several months, the broadcast TV company’s stock price would recede before gaining steam once again, repeating a pattern seen across the years for NXST.
If midday trading on Thursday (12/26) is any indication of what’s to come for Nexstar, a fresh all-time high for the stock is inevitable.