Newsmax Inc. (NYSE:NMAX - Get Free Report) traded down 4.8% on Monday . The stock traded as low as $12.61 and last traded at $12.60. 294,549 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 2,558,015 shares. The stock had previously closed at $13.24.
Newsmax Price Performance
The company has a 50-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 business had revenue of $45.30 million for the quarter.
Institutional Trading of Newsmax
Several institutional investors and hedge funds have recently bought and sold shares of NMAX. Golden State Wealth Management LLC bought a new position in shares of Newsmax in the 1st quarter worth approximately $39,000. CWM LLC purchased a new position in Newsmax during the first quarter valued at $47,000. Allworth Financial LP bought a new stake in shares of Newsmax during the 1st quarter valued at $89,000. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in shares of Newsmax in the 1st quarter worth about $217,000. Finally, Sassicaia Capital Advisers LLC bought a new position in shares of Newsmax in the 1st quarter worth about $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”).
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