Newsmax Inc. (NYSE:NMAX - Get Free Report) traded up 12% during trading on Monday . The company traded as high as $15.20 and last traded at $14.91. 1,080,404 shares changed hands during trading, a decline of 56% from the average session volume of 2,454,218 shares. The stock had previously closed at $13.31.
Newsmax Trading Up 4.9%
The company has a fifty day moving average price of $18.91.
Newsmax (NYSE:NMAX - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.53) EPS for the quarter. The business had revenue of $45.30 million for the quarter.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in Newsmax in the 1st quarter valued at about $551,000. Sassicaia Capital Advisers LLC bought a new position in Newsmax in the 1st quarter worth about $309,000. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in Newsmax during the 1st quarter worth approximately $217,000. Allworth Financial LP purchased a new stake in Newsmax in the 1st quarter worth approximately $89,000. Finally, CWM LLC bought a new position in Newsmax in the 1st quarter valued at $47,000.
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”).
Further Reading
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