NXST EVP General Counsel Morgan Rachel sold entire 3.1K share position at $213.72; stock now down 28.7% from 52-week high.
Morgan Rachel, EVP General Counsel, liquidated her complete NXST position of 3.1K shares at $213.72 on 2026-03-27, exiting a $668.3K stake that now represents zero holdings. The timing of this full exit is noteworthy: the stock has declined -28.0% over the last 30 days and -28.7% from its 52-week high of $253.64, suggesting the sale preceded the recent sharp deterioration. Her prior sell at this ticker on 2024-08-27 exhibited a 90-day return of -0.4%, consistent with her cross-ticker well-timed rate of 100.00%, indicating a pattern of selling ahead of stock declines. Against the backdrop of -8.5% annual revenue decline and a stretched 59.48 P/E multiple, the complete exit by a senior legal officer warrants attention to whether structural headwinds in the business are influencing insider capital allocation decisions.
EVP General Counsel Morgan Rachel sold all 6,196 shares of NXST at $171.30 on 2024-08-27 ($1.1M); exits full position.
Morgan Rachel, EVP General Counsel, executed a complete exit of her NEXSTAR MEDIA GROUP holdings, selling 6,196 shares (100.0% of her pre-transaction position) for $1,061,374.80. The sale occurred at $171.30 per share, when the stock was trading -8.4% from its 52-week high of $184.79 and had declined -7.2% over the preceding 30 days. While NXST carries a modest P/E of 12.65 and revenue of $1.3B with $118.0M net income, the company reported annual revenue decline of -5.3%, which contextualizes the near-term price pressure. The full liquidation of her only holding in the stock removes her direct financial exposure to the company she serves as top legal officer.
