Nexstar Media EVP Morgan sells $668k in stock

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Trump urges countries to "take" Hormuz as White House reportedly mulls Iran exit Gold prices set for bruising March losses amid Iran war Nasdaq jumps 3.5% as Wall Street soars on renewed Iran de-escalation hopes Analyst trims S&P target, says stocks now pricing in bigger risk from war than oil (South Africa Philippines Nigeria) Nexstar Media EVP Morgan sells $668k in stock By Insider Trading Published 03/31/2026, 03:02 PM Nexstar Media EVP Morgan sells $668k in stock 0 NXST -1.85% Rachel Morgan, Executive Vice President and General Counsel at Nexstar Media Group (NASDAQ:NXST) , sold 3,127 shares of common stock on March 27, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $213.72, resulting in a total transaction value of $668,313. Following the transaction, Morgan directly owns 0 shares of the company.The timing of the sale is notable, as the stock has since declined to $181.35, representing a sharp drop from Morgan’s sale price. According to InvestingPro data, the stock has taken a big hit over the last week with a 16.5% decline. The company maintains a $5.5 billion market cap and offers a 4% dividend yield. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report. In other recent news, Nexstar Media Group has been at the center of several significant developments. The company announced the pricing of a $5.115 billion debt offering through its subsidiary, Nexstar Media Inc., to fund its acquisition of Tegna. This offering includes $3.39 billion in senior secured notes due in 2033 and $1.725 billion in senior notes due in 2034. However, a federal judge has temporarily halted the merger with Tegna following litigation with DirecTV, pausing further merger activities until a decision is reached. Despite this setback, Deutsche Bank has raised its price target for...