Shares of Newsmax Inc. (NYSE:NMAX - Get Free Report) traded up 1.7% during mid-day trading on Tuesday . The stock traded as high as $13.21 and last traded at $13.12. 238,186 shares changed hands during trading, a decline of 91% from the average session volume of 2,528,667 shares. The stock had previously closed at $12.89.
Newsmax Price Performance
The company has a fifty day moving average of $20.61.
Newsmax (NYSE:NMAX - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported ($0.53) earnings per share (EPS) for the quarter. The firm had revenue of $45.30 million during the quarter.
Institutional Investors Weigh In On Newsmax
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new stake in shares of Newsmax in the first quarter valued at approximately $39,000. CWM LLC bought a new stake in shares of Newsmax in the first quarter valued at approximately $47,000. Allworth Financial LP bought a new stake in shares of Newsmax in the first quarter valued at approximately $89,000. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in shares of Newsmax in the first quarter valued at approximately $217,000. Finally, Sassicaia Capital Advisers LLC bought a new stake in shares of Newsmax in the first quarter valued at approximately $309,000.
About Newsmax
(
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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