Nexstar Stock Drops Sharply After Judge Puts Brakes On Tegna Merger

Nexstar stock fell 11% as Monday’s trading day neared its end, reflecting investor angst over a federal judge’s decision temporarily blocking the company’s merger with Tegna. The drop is a stunner for the shares, which have been among the steadiest in the media sector. Over the past five years, they have risen by 94%. In […]