Is it Time to Dump Nexstar Media Group Inc (NXST) Stock After it Is Higher By 8.97% in a Week?

The market has been high on Nexstar Media Group Inc (NXST) stock recently. NXST gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Nexstar Media Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NXST!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With NXST Stock Today?

Nexstar Media Group Inc (NXST) stock is trading at $202.59 as of 2:11 PM on Friday, Jan 27, a gain of $6.35, or 3.24% from the previous closing price of $196.24. The stock has traded between $197.67 and $202.99 so far today. Volume today is low. So far 200,524 shares have traded compared to average volume of 292,220 shares. To screen for more stocks like Nexstar Media Group Inc click here.

More About Nexstar Media Group Inc

Nexstar is the largest television station owner/operator in the United States, with 199 stations in 116 markets. Of its 199 full-power stations, 155 are affiliated with the four national broadcasters: CBS (49), Fox (42), NBC (35), and ABC (29).he 2019 merger with Tribune made Nexstar the top broadcast affiliate for both Fox and CBS as well as the number-two partner for NBC and number three for ABC. The firm has networks in 12 of the top 20 television markets and reaches over 68% of U.S. TV households. Nexstar also owns NewsNation (formerly WGN), a nationwide pay-television network, and a 31% stake in Food Network and Cooking Channel. Click Here to get the full Stock Report for Nexstar Media Group Inc stock.