Newsmax (NYSE:NMAX) Trading 0.4% Higher - What's Next?

Newsmax (NYSE:NMAX - Get Free Report)'s stock price shot up 0.4% during mid-day trading on Monday . The company traded as high as $24.20 and last traded at $22.90. 563,987 shares traded hands during trading, a decline of 88% from the average session volume of 4,664,732 shares. The stock had previously closed at $22.80.

Newsmax Trading Up 4.7 %

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Golden State Wealth Management LLC bought a new position in shares of Newsmax during the 1st quarter valued at approximately $39,000. Allworth Financial LP bought a new position in Newsmax in the 1st quarter worth approximately $89,000. Finally, Flagship Harbor Advisors LLC bought a new position in Newsmax in the 1st quarter worth approximately $551,000.

Newsmax Company Profile

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”).