Nexstar Soars 3.89% on $200M Surge to 491st in Liquidity as Institutional Buyers and Analysts Weigh In

On August 11, 2025, Nexstar Media Group (NASDAQ:NXST) surged 3.89% with a trading volume of $200 million, a 103.25% increase from the prior day, ranking 491st in market liquidity. The move followed institutional activity and analyst revisions.

Charles Schwab Investment Management Inc. boosted its stake in Nexstar by 3.3%, holding 1.14 million shares valued at $203.96 million. Other institutional investors, including Whipplewood Advisors and SBI Securities, also increased holdings by over 100% in the first quarter, signaling growing confidence in the media giant.

Analysts from Benchmark and Wells Fargo raised price targets for Nexstar, with Wells Fargo setting a new $250.00 estimate. The company announced a $1.86 quarterly dividend, yielding 4.0% annually, and reported Q2 earnings of $3.06 per share, exceeding estimates by $0.11. However, insider sales by executives Dana Zimmer and Michael Biard reduced their holdings by 26.82% and 23.21%, respectively, raising questions about management’s long-term alignment.

The strategy of purchasing the top 500 stocks by daily trading volume and holding them for one day delivered a 166.71% return from 2022 to the present, outperforming the benchmark return of 29.18% by 137.53%. This underscores the role of liquidity concentration in short-term stock performance, particularly in volatile markets.