Nexstar Broadcasting (NXST) Jumps: Stock Rises 7.9% - Tale of the Tape

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Nexstar Broadcasting Group, Inc. ( NXST ) was a big mover last session with shares rising nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above the past one month's volatile price range of $33.15 to $39.77.

This television broadcasting and digital media company has seen no estimate revisions in the last 7 days. The Zacks Consensus Estimate hasn't been in trend either. Yesterday's rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

Nexstar Broadcasting currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Investors interested in the TV/Radio broadcasting industry may consider better-ranked stocks like AMC Networks Inc. ( AMCX ), Entravision Communications Corp. ( EVC ) and Phoenix New Media Limited ( FENG ). All three stocks sport a Zacks Rank #2 (Buy).

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AMC NETWORKS- A (AMCX): Free Stock Analysis Report

ENTRAVISION COM (EVC): Free Stock Analysis Report

PHOENIX NEW MED (FENG): Free Stock Analysis Report

NEXSTAR BRDCSTG (NXST): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: AMCX , EVC , FENG , NXST

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Most Active by Volume

85,467,945
  • $16.74 ▼ 0.30%
83,530,302
  • $12.49 ▲ 85.31%
68,697,805
  • $42.55 ▼ 0.77%
58,516,965
  • $101.63 ▼ 0.03%
49,234,469
  • $74.58 ▼ 3.74%
39,038,134
  • $8.56 ▲ 2.27%
37,813,410
  • $49.38 ▼ 5.24%
37,004,144
  • $46.24 ▼ 0.97%
As of 9/15/2014, 04:15 PM

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