Monday, September 25, 2017 10:15 PM ET
Significant Insider Selling Continues at NEXSTAR Media Group (NXST)
A notable insider sale of the shares of NEXSTAR Media Group was indicated in a form 4 document filed with the SEC today, showing — John R Muse, Director — sold 229,267 shares in the company having a market value of approximately $13,642,074. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 98,978 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 328,245 shares and have averaged 82,061 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at NEXSTAR Media Group is greater than the 12-company peer group average. Television Broadcasting peer group saw 25 buy/sell trades during this period for an average of 2.1 transactions per company. The number of shares per buy/sell trade for NEXSTAR Media Group insiders was also higher. Within the peer group there were 165,000 shares purchased and 113,252 shares sold with company insiders acquiring 6,469 shares on average.
Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data obtained in composing and writing this story.
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