Nexstar Media (NXST) EVP Gary Weitman Sells $45K of Stock
Gary Weitman, EVP and Chief Communications Officer at Nexstar, sold 261 shares on June 16, 2026.
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Gary Weitman, EVP, Chief Communications Officer at Nexstar Media Group, Inc. ($NXST), sold 261 shares at an average price of $170.81, worth about $44,581.41, on June 16, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $NXST is down 3.0% after 1 week, up 7.6% after 1 month and down 3.4% to date (from the $170.41 close on Jun 16, 2026).
NXST
Nexstar Media Group, Inc.
Key Points
- Gary Weitman sold 261 shares of Nexstar Media Group at $170.81 each, totaling about $44,581 on June 16, 2026.
- Nexstar's stock closed at $172.11 on the same day, trading near its 52-week high of $254.30.
- The company's CEO, Perry Sook, recently bought 12,235 shares at $162.26 each, indicating confidence in the stock.
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Weitman's Latest Trade
Gary Weitman sold 261 shares of Nexstar Media Group, Inc. (NXST) on June 16, 2026, at a price of $170.81 per share. This transaction was valued at about $44,581. Weitman serves as the Executive Vice President and Chief Communications Officer for the company.
Insider Buying and Selling at Nexstar Media Group, Inc.
Weitman's sale fits a pattern of insider activity at Nexstar on June 16, when several other executives also sold shares. Sean Compton, the President of Networks, sold 840 shares valued at $143,480. EVP Lindsey Knapp sold 93 shares for $15,885.33, CFO Gliha Lee Ann sold 373 shares worth $63,712, and Dana Zimmer, President of Distribution & Strategy, sold 876 shares valued at $149,629.56. Additionally, Brett Jenkins, EVP of Chief Technology & Digital Officer, sold 301 shares for $51,413. This cluster of sales may reflect individual strategies rather than a negative outlook on the company.
How Nexstar Media Group, Inc. Stock Has Traded
On the day of Weitman's sale, Nexstar's stock traded at $172.11, close to its 52-week high of $254.30. The stock has shown volatility, with a recent low of $154.47. The company's performance has been strong, with a market cap of about $5.12 billion and a P/E ratio of 31.5. Investors are watching closely as the stock's price moves in relation to its moving averages.
Analysts Set New Price Targets
On August 7, 2026, Wells Fargo maintained an Overweight rating on Nexstar with a price target of $249. This target reflects a positive outlook based on the company’s fundamentals and growth potential. The consensus among analysts shows a strong buy recommendation, highlighting confidence in Nexstar's performance moving forward.
About Nexstar Media Group
Nexstar Media Group operates as a diversified media company, delivering news, sports, and entertainment through various television and digital platforms. It owns and manages numerous local television stations and offers advertising services across its digital assets. This recent insider activity indicates a mix of confidence and individual investment strategies among its executives.
What's Ahead for Nexstar Media Group, Inc.
Nexstar is set to report its next earnings on November 5, 2026. As the company continues to navigate the media landscape, investors will be keen to see how these insider trades influence market sentiment and whether further filings reveal more about executive strategies.
Related Filing Alerts
Source: Gary Weitman's Form 4 filing on $NXST (Jun 16, 2026). Find the original filing: NXST Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts