Newsmax (NYSE:NMAX) Shares Down 2.2% - What's Next?

Newsmax (NYSE:NMAX - Get Free Report)'s stock price fell 2.2% on Tuesday . The company traded as low as $22.22 and last traded at $22.48. 415,885 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 4,492,086 shares. The stock had previously closed at $23.00.

Newsmax Price Performance

Institutional Investors Weigh In On Newsmax

A number of large investors have recently bought and sold shares of NMAX. Golden State Wealth Management LLC bought a new stake in Newsmax during the 1st quarter worth about $39,000. Allworth Financial LP acquired a new position in shares of Newsmax in the 1st quarter valued at $89,000. Finally, Flagship Harbor Advisors LLC bought a new position in Newsmax during the first quarter worth about $551,000.

About Newsmax

Newsmax Inc is a holding company that owns 100% of the equity interests of its operating company Newsmax Media, Inc (“Newsmax Media”). Newsmax Media and its subsidiaries operate the businesses described in this Offering Circular. Newsmax Media has six wholly-owned subsidiaries: Newsmax Broadcasting, LLC, a Florida limited liability company (“Newsmax Broadcasting”), Crown Atlantic Insurance, LLC, a Florida limited liability company (“Crown Atlantic”), Humanix Publishing, LLC, a Florida limited liability company (“Humanix Publishing”), Medix Health LLC, a Florida limited liability company (“Medix Health”), ROI Media Strategies, LLC, a Florida limited liability company (“ROI Media Strategies”), and Newsmax Radio LLC, a Florida limited liability company (“Newsmax Radio,” and together with Newsmax Media, Newsmax Broadcasting, Crown Atlantic Insurance, Humanix Publishing, Medix Health, and ROI Media Strategies, the “Subsidiaries”).