Just 40 days after seeing its stock reach $5.80 per share, a $1.01 drop in two days has Nexstar Broadcasting's stock teetering at the edge of going under four dollars.
As noted in the Tuesday Turner Report, the Nexstar Broadcasting stock dropped 43 cents on Monday and fell another 58 cents at the close of trading Tuesday, leaving it at $4.20 per share.
Only a few years ago, the company, which owns KSNF in Joplin and KSFX in Springfield and manages KODE in Joplin and KOLR in Springfield traded at more than $10 per share.
Since a reader mentioned that I should not forget Saga Communications, owner of KOAM, trading for that company was up 15 cents per share to $9.51.
No comments:
Post a Comment