Nexstar Media (NXST) President Andrew Alford Sells $127K of Stock

Executive Transaction Details

Andrew Alford, who serves as President of Broadcasting at Nexstar Media Group, Inc. (NASDAQ:NXST), executed a sale of 746 shares on June 16, 2026. The disposal took place at a price of $170.81 per share, resulting in a total transaction value of $127,424.26. This filing details the trade under SEC Form 4 guidelines, noting that the disposition was not made pursuant to a pre-arranged Rule 10b5-1 trading plan.

Wider Executive Selling Wave

The transaction by Alford arrived alongside a flurry of identical disclosures from other key leaders at the media company on June 16, 2026. Sean Compton, President of Networks, parted with 840 shares for $143,480.40, while EVP of Human Resources Lindsey Knapp sold 93 shares worth $15,885.33. Chief Financial Officer Gliha Lee Ann offloaded 373 shares valued at $63,712.13. Gary Weitman, EVP and Chief Communications Officer, disposed of 261 shares totaling $44,581.41. Finally, Dana Zimmer, President of Distribution and Strategy, let go of 876 shares for $149,629.56. All of these executives completed their sales at the exact matching price of $170.81.

CEO Counterweight and Stock Context

While the mid-June executive sales drew attention, Chief Executive Officer Perry Sook moved in the opposite direction later in the month. On June 26, 2026, Sook acquired 12,235 shares at an average price of $162.26, investing roughly $1.98 million to boost his personal holdings. The broader stock price has faced headwinds, hovering near $172.11 during a period when it sits below its 50-day moving average of $181.65 and far off its 52-week peak of $254.30, though above its yearly low of $154.47.

Analysts Set New Price Targets

Wall Street firms maintain an overall strong buy consensus on the media operator. On August 7, 2026, Wells Fargo maintained its overweight rating on the equity while adjusting its price target from $253.00 to $249.00. Across the wider professional analyst community, opinions point to a mean price target of $246.75, with projections stretching from a low of $205.00 up to a high of $290.00.

Corporate Operations

Nexstar Media Group operates as a diversified media enterprise that produces local and national news, sports, and entertainment content across television and digital platforms in the United States. The company owns and programs numerous television stations, digital multicast networks, and the NewsNation cable network, alongside various mobile applications and local websites affiliated with major broadcast networks.

What's Ahead for Nexstar Media Group, Inc.

Shareholders will watch for further insider filing updates and track operational results when the firm publishes its next scheduled earnings report on November 5, 2026. Future Form 4 filings will provide additional visibility into whether executives continue to trim or rebuild their equity positions.