Nexstar Media (NXST) COO Michael Biard Sells $214K of Stock
Nexstar Media Group's President & COO, Michael Biard, sold shares valued at over $213,000.
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Michael Biard, President & COO at Nexstar Media Group, Inc. ($NXST), sold 1,227 shares at an average price of $174.21, worth about $213,755.67, on June 12, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $NXST is down 6.0% after 1 week, up 0.6% after 1 month and down 4.7% to date (from the $172.78 close on Jun 12, 2026).
NXST
Nexstar Media Group, Inc.
Key Points
- Michael Biard sold 1,227 shares of Nexstar Media Group (NXST) at $174.21 each, totaling $213,755 on June 12, 2026.
- Nexstar's stock closed at $156.53 prior to Biard's sale, indicating a notable price difference.
- The company has a market cap of about $5.1 billion and is scheduled to report earnings on November 5, 2026.
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Michael Biard's Recent Sale
Michael Biard, President and COO of Nexstar Media Group, Inc. (NASDAQ: NXST), sold 1,227 shares on June 12, 2026. The shares were sold at an average price of $174.21, bringing the total value of the transaction to approximately $213,755.
Context of the Sale
This sale comes as part of Biard's ongoing management of his stock holdings. The shares sold represent a strategic decision, but the exact reason for the sale wasn't disclosed. Given the previous close of $156.53, the sale occurred at a higher price point, which may reflect the company's recent performance.
Other Insider Activity
In recent weeks, several other insiders at Nexstar have also made noteworthy transactions. CEO Perry Sook purchased 12,235 shares at $162.26 each on June 26, 2026, totaling about $1.98 million. On June 16, 2026, President of Networks Sean Compton sold 840 shares valued at $143,480, while Lindsey Knapp, EVP of Human Resources, sold 93 shares for roughly $15,900 on the same day. CFO Gliha Lee Ann sold 373 shares for about $63,712, and Chief Communications Officer Gary Weitman sold 261 shares valued at $44,581. Dana Zimmer, President of Distribution & Strategy, sold 876 shares for approximately $149,630.
How NXST Stock Has Traded
Nexstar's shares have been trading between a 52-week low of $154.47 and a high of $254.30. The recent sale by Biard comes as the stock trades above its 50-day moving average of $181.65. This could indicate a favorable market sentiment, despite the stock's previous close.
Analysts Set New Price Targets
On August 7, 2026, Wells Fargo maintained an Overweight rating on Nexstar, with a price target of $249. This reflects positive sentiment among analysts, with a consensus recommendation of strong buy based on eight analyst opinions. The average target price of $246.75 suggests that analysts see potential for growth in the stock.
What NXST Does
Nexstar Media Group, based in Irving, Texas, operates as a diversified media company. It produces and distributes local and national news, sports, and entertainment content across various platforms. The company's extensive portfolio includes television stations and digital assets, making it a significant player in the broadcasting industry.
What's Ahead for NXST
Nexstar is set to report its next earnings on November 5, 2026. As the company continues to navigate the broadcasting landscape, further insider transactions and analyst updates will be key to understanding its market position. The recent trades, including Biard's sale, reflect ongoing movements within the company that investors and analysts will be watching closely.
Related Filing Alerts
Source: Michael Biard's Form 4 filing on $NXST (Jun 12, 2026). Find the original filing: NXST Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts