Monday, July 07, 2008

Nexstar Broadcasting in danger of dropping below $3 mark

After its share price dropped 33 cents on Friday, things continued to go bad for Nexstar Broadcasting at the opening of trading today.

The company, which owns KSNF in Joplin and KSFX in Springfield and operates KODE in Joplin and KOLR in Springfield, has dropped 58 cents since trading opened today and is at $3.01 per share at this writing. At one point, it was as low as $2.96, but has rebounded slightly.

I will post an update later today.

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