Boston, MA 06/26/2014 (wallstreetpr) – A director of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) sold shares yesterday to generate $57,500 in proceeds. Lisbeth Mcnabb unloaded 1,250 shares of the company at the average price of $46 to become the latest insider to sell shares in the company. The transaction occurred at a time when analysts are expressing optimism in the company. The stock carries a Buy rating with an average price target of $45.76 apiece.
Nexstar (NASDAQ:NXST) recently appointed C. Thomas McMillen as its board member following the exit of Royce Yudkoff from the board. McMillen has many years in the fields of politics, business and sports. His successful track record in managing and directing companies is expected to benefit Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) and its shareholders who are looking for nothing less but value growth.
The company suffered in the latest financial reporting whereby it posted a loss of $0.09 per share, yet the consensus estimate for the quarter was a net profit of $0.26. Revenue column also suffered a massive blow whereby the company generated $72.2 million, compared with the consensus estimate of $132.2 million.
China Commercial Credit Inc (NASDAQ:CCCR) appears to be an undervalued stock that can return incredible gains for shareholders who pick it up at an opportune time now that it trades below the book value. The company also features a committed, experienced and seemingly tireless management team. Although there is growing competition in its industry, the company is poised to survive because of its diversification. Shares of the company gained almost 23 percent in the previous session.
Barnes & Noble, Inc. (NYSE:BKS) is taking a bold step to split into two whereby its e-reader business known as Nook will be separated into a standalone company. According to CEO Michael Huseby, the move to split the company will enhance the value of the shareholders and help the company to effectively compete with rivals as it pursues higher revenue and profits.
The bookseller faces tough competition from online rivals such as Amazon.com Inc (NASDAQ:AMZN) and discount retailers such as Wal-Mart Stores Inc (NYSE:WMT). The company suffered a loss of $36.7 million or $0.72 per share in 4Q2014.