8 Green Days In A Row: Nexstar Media Stock Is Up 22%
Nexstar Media (NXST) stock has risen for 8 consecutive trading days, gaining 22.3% over that stretch. That added about $1.1 billion to the company’s market value, which now stands at about $6.2 billion. The stock closed at $201.23 on Monday, November 9, 19.1% below its 52-week high of $248.77 and 31.4% above its low of $153.17.
How The Streak Stacks Up Against The S&P 500
Returns for NXST and the S&P 500 over the streak and the periods around it, all ending Monday, November 9 and including dividends:
| Return Period | NXST | S&P 500 |
|---|---|---|
| 1 Day | 5.9% | 2.3% |
| 8 Days (Current Streak) | 22.3% | -2.5% |
| 1 Month (21 Trading Days) | 24.6% | -3.3% |
| 3 Months (63 Trading Days) | 10.1% | -2.1% |
| Year To Date | 1.8% | 11.3% |
| 1 Year (252 Trading Days) | 10.3% | 13.7% |
How The Streak Compares With The Market
Over the same 8 trading days, the S&P 500 returned -2.5% including dividends, so the run is mostly Nexstar Media’s own story rather than the market’s. Over the past three months the stock is up 10.1%, a window that includes the streak; over the other 55 sessions of that window it was down 10.0%.
What The Numbers Say About The Rally
On the fundamentals, revenue grew 32.3% over the last twelve months, against a median of 9.0% for S&P 500 Communication Services stocks; and its operating margin is 20.8%, versus a median of 20.9%. At least one of the last four quarters was a loss, so a price-to-earnings multiple would not be a meaningful yardstick here. The read is mixed: revenue growth above the median on one side, margins below the median on the other.
A climb like this is worth respecting, and worth testing. Our Guidance Momentum screen tracks the stocks whose companies just raised their own forward numbers.
Momentum Is A Tailwind, Not A Plan
Riding a stock that rises every day feels effortless, and that is precisely the danger: the same momentum that built this run can reverse without notice, and one name’s reversal should never be able to reset your whole year.
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