Monday, October 02, 2017 10:15 PM ET
NEXSTAR Media Group (NXST) Insider Makes Significant Share Sale
There was a notable sale of shares of NEXSTAR Media Group by an insider today, as revealed in a form 4 document filed with the SEC. One insider — John R Muse, Director — sold 641,240 shares in the company having a market value of approximately $38,538,524. 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 328,245 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 969,485 shares and have averaged 242,371 shares per transaction over this time period.
Compared 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 26 buy/sell trades during this period for an average of 2.2 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 342,519 shares sold with company insiders selling 6,828 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 used in evaluating and writing this story.
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