Newsmax (NYSE:NMAX - Get Free Report) dropped 1.3% during mid-day trading on Monday . The stock traded as low as $11.82 and last traded at $12.26. Approximately 680,390 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 2,643,421 shares. The stock had previously closed at $12.42.
Newsmax Trading Up 1.7%
The firm's 50-day moving average is $22.68.
Newsmax (NYSE:NMAX - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.53) earnings per share for the quarter. The business had revenue of $45.30 million during the quarter.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NMAX. Sassicaia Capital Advisers LLC purchased a new stake in shares of Newsmax in the first quarter valued at $309,000. CWM LLC purchased a new stake in Newsmax during the first quarter valued at about $47,000. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in Newsmax during the first quarter worth about $217,000. Allworth Financial LP purchased a new position in shares of Newsmax in the 1st quarter worth about $89,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Newsmax in the 1st quarter valued at about $39,000.
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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Newsmax, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Newsmax wasn't on the list.
While Newsmax currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
