Newsmax Inc. (NYSE:NMAX - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $13.75, but opened at $14.26. Newsmax shares last traded at $13.76, with a volume of 202,634 shares trading hands.
Newsmax Trading Up 4.0%
The firm's 50-day moving average price is $19.22.
Newsmax (NYSE:NMAX - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported ($0.53) earnings per share for the quarter. The firm had revenue of $45.30 million during the quarter.
Institutional Investors Weigh In On Newsmax
A number of institutional investors have recently modified their holdings of NMAX. Flagship Harbor Advisors LLC acquired a new stake in Newsmax in the 1st quarter worth about $551,000. Golden State Wealth Management LLC bought a new position in shares of Newsmax during the first quarter worth approximately $39,000. Allworth Financial LP acquired a new stake in shares of Newsmax in the first quarter valued at approximately $89,000. CWM LLC acquired a new stake in Newsmax during the first quarter worth approximately $47,000. Finally, Woodard & Co. Asset Management Group Inc. ADV bought a new position in Newsmax during the 1st quarter worth $217,000.
Newsmax Company Profile
(
Get Free Report)
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”).
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