Nexstar Media Stock: 9 Straight Green Days, Up 26%
Shares of Nexstar Media (NXST) have closed higher in each of the last 9 sessions, a cumulative gain of 25.6%. That added about $1.3 billion to the company’s market value, which now stands at about $6.4 billion. The stock closed at $206.59 on Tuesday, November 10, 17.0% below its 52-week high of $248.77 and 34.9% above its low of $153.17.
The Streak Next To The S&P 500
Returns for NXST and the S&P 500 over the streak and the periods around it, all ending Tuesday, November 10 and including dividends:
| Return Period | NXST | S&P 500 |
|---|---|---|
| 1 Day | 2.7% | -0.4% |
| 9 Days (Current Streak) | 25.6% | -2.8% |
| 1 Month (21 Trading Days) | 28.7% | -3.6% |
| 3 Months (63 Trading Days) | 12.7% | -2.7% |
| Year To Date | 4.6% | 10.9% |
| 1 Year (252 Trading Days) | 12.4% | 13.1% |
How The Streak Compares With The Market
Over the same 9 trading days, the S&P 500 returned -2.8% 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 12.7%, a window that includes the streak; over the other 54 sessions of that window it was down 10.3%.
Is The Business Keeping Up With The Stock?
On the fundamentals, revenue grew 32.3% over the last twelve months, against a median of 9.1% for S&P 500 Communication Services stocks; and its operating margin is 20.8%, versus a median of 21.1%. 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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