Insider Sale: Charles Mcmillen Sells 1,000 Shares of Nexstar Media Group Inc (NXST)
On September 10, 2024, Charles Mcmillen, Director at Nexstar Media Group Inc (NASDAQ:NXST), sold 1,000 shares of the company. The transaction was documented in an SEC Filing. Following this sale, the insider now owns 7,975 shares of Nexstar Media Group Inc.
Nexstar Media Group Inc operates as a television broadcasting and digital media company, focusing on the acquisition, development, and operation of television stations and interactive community websites in the United States.
Over the past year, Charles Mcmillen has sold a total of 8,400 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been 54 insider sells and no insider buys over the past year.
Shares of Nexstar Media Group Inc were priced at $160 on the day of the sale, giving the company a market cap of approximately $5.19 billion. The price-earnings ratio of the company stands at 12.71, which is below the industry median of 16.92.
According to the GF Value, the intrinsic value of Nexstar Media Group Inc is estimated at $211.51 per share, suggesting that the stock is Modestly Undervalued with a price-to-GF-Value ratio of 0.76.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and estimated future business outcomes.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation adjustments.
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