Gary Weitman Sells NXST Shares
Gary Weitman, EVP at NXST, sold 194 shares worth $33,796.74 on June 12.
Key Points
- Gary Weitman, EVP of NXST, sold 194 shares valued at $33,796.74 on June 12, 2026.
- NXST stock traded near $174.95 with analysts maintaining a 'buy' rating.
- Institutional activity included BlackRock increasing its stake by 35,365 shares to a total of 3,217,716 shares.
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Gary Weitman, Executive Vice President and Chief Communications Officer at NXST, sold 194 shares of the company on June 12, 2026. The shares were sold at an average price of $174.21, amounting to a total transaction value of $33,796.74. This transaction was not part of a pre-planned trading program.
Other Institutional Activity in NXST
Institutional investors have been active in NXST. BlackRock, Inc. added 35,365 shares, bringing its total holdings to 3,217,716 shares valued at approximately $581.9 million. Meanwhile, Vanguard Portfolio Management LLC initiated a position with 1,433,495 shares worth about $259.2 million. Dimensional Fund Advisors LP reduced its holdings by 13,842 shares, ending with 1,388,430 shares valued at $251.1 million. LSV Asset Management trimmed its position by 68,637 shares, now holding 1,008,316 shares worth $182.3 million.
Nexstar Media Group, Inc. Stock Down 4.6%
Shares of NXST traded near $174.95. The stock is currently receiving attention from analysts, with several firms maintaining a 'buy' rating. Wells Fargo, for instance, maintained its 'buy' rating with a price target of $253 on May 8, 2026.
$NXST stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at Nexstar Media Group, Inc.
Alongside Gary Weitman's sale, several other insiders at NXST also sold shares recently. Michael Biard, President and COO, sold 1,227 shares on June 12. On June 10, Blake Russell, EVP of Operations, sold 239 shares, Andrew Alford, President of Broadcasting, sold 778 shares, Dana Zimmer, President of Distribution & Strategy, sold 915 shares, and Brett Jenkins, EVP and Chief Technology & Digital Officer, sold 284 shares.
Analysts Set New Price Targets
Analysts have been active in setting price targets for NXST. On May 8, 2026, Wells Fargo maintained a 'buy' rating with a target of $253. Barrington Research also maintained its 'buy' rating with a target of $290 on April 28. Citigroup upgraded the stock to a 'buy' with a target of $220 on April 10.
Bottom Line
Gary Weitman's recent sale of NXST shares is part of a broader trend of insider transactions at the company. While insiders have been selling, institutional interest remains, with major funds like BlackRock increasing their positions. Analysts continue to see potential in NXST, maintaining strong price targets. As always, it's important to note that insider transactions are disclosed after the fact and may not reflect current intentions.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.