Nexstar Broadcasting Group (NXST) Shares are Up 7.37%

Nexstar Broadcasting Group (NXST) : Traders are bullish on Nexstar Broadcasting Group (NXST) as it has outperformed the S&P 500 by a wide margin of 7.01% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.19%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.37% in the last 1 week, and is up 6.44% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 7.57% and the 50-Day Moving Average is 9.21%.The 200 Day SMA reached 16.69%

Nexstar

Nexstar Broadcasting Group (NASDAQ:NXST): After opening at $55.81, the stock dipped to an intraday low of $55.42 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $58.14 and the buying power remained strong till the end. The stock closed at $57.71 for the day, a gain of 4.08% for the day session. The total traded volume was 1,206,280. The stocks close on the previous trading day was $57.71.

Nexstar Broadcasting Group (NXST) : 5 Wall Street analysts covering Nexstar Broadcasting Group (NXST) believe that the average level the stock could reach for the short term is $66.8. The maximum price target given is $75 and the minimum target for short term is around $60, hence the standard deviation is calculated at $6.06.

Nexstar Broadcasting Group, Inc. is a television broadcasting and digital media company focused on the acquisition, development and operation of television stations and interactive community Websites in medium-sized markets in the United States. As of December 31, 2014, the Company owned, operated, programmed or provided sales and other services to 87 television stations and 26 digital multicast channels in 49 markets in the states of Illinois, Indiana, Maryland, Missouri, Montana, Tennessee, Texas, Pennsylvania, Louisiana, Arkansas, Alabama, New York, Florida, Wisconsin, Michigan, Utah, Vermont, California, Iowa, Colorado and Virginia. The stations the Company owns and operates or provides services to provide free over-the-air programming to its markets television viewing audiences. This programming includes programs produced by networks with which the stations are affiliated; programs that the stations produce, and first-run and rerun syndicated programs that the stations acquire.

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