Insider Selling: Newsmax (NYSE:NMAX) Major Shareholder Sells 24,448 Shares
MarketBeat
Newsmax Inc. (NYSE:NMAX - Get Free Report) major shareholder Conyers Investments Llc sold 24,448 shares of the firm's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $11.03, for a total transaction of $269,661.44. Following the transaction, the insider directly owned 22,622,041 shares of the company's stock, valued at approximately $249,521,112.23. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
NYSE:NMAX