Nexstar Broadcasting Group Inc (NXST) Drops 7.61% on January 28

Equities Staff |

Nexstar Broadcasting Group Inc (NXST) was one of the Russell 2000's biggest losers for Thursday January 28 as the stock slid 7.61% to $43.32, a loss of $-3.57 per share. Starting at an opening price of $47.82 a share, the stock traded between $43.32 and $47.93 over the course of the trading day. Volume was 1.67 million shares over 12,772 trades, against an average daily volume of 482,870 shares and a total float of 30.62 million.

The losses send Nexstar Broadcasting Group Inc down to a market cap of $1.33 billion. In the last year, Nexstar Broadcasting Group Inc has traded between $61.79 and $42.01, and its 50-day SMA is currently $55.24 and 200-day SMA is $53.67.

The stock has a P/E Ratio of 19.3.

Nexstar Broadcasting Group Inc is a television broadcasting and digital media company, engaged in the acquisition, development and operation of television stations and interactive community websites in medium-sized markets in the United States.

Nexstar Broadcasting Group Inc is based out of Irving, TX and has some 3,464 employees. Its CEO is Perry A. Sook.

For a complete fundamental analysis analysis of Nexstar Broadcasting Group Inc, check out Equities.com’s Stock Valuation Analysis report for NXST. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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