Nexstar Media Group Stock Up 41% in One Year: What Investors Should Know About the $6 Million Sale.

Capital Management Corp sold 29,799 shares of Nexstar Media Group for $5.82 million, reducing its stake to 4.25% of its $610.07 million in reportable U.S. equity assets. Nexstar shares are up 41.1% over the past year, outperforming the S&P 500. The company operates a portfolio of television stations, digital media properties, and a national cable network, generating revenue from advertising and retransmission fees.