Newsmax (NYSE:NMAX) Trading 1.8% Higher - Here's What Happened

Newsmax Inc. (NYSE:NMAX - Get Free Report) shares traded up 1.8% during trading on Thursday . The stock traded as high as $13.57 and last traded at $13.26. 938,640 shares traded hands during trading, a decline of 64% from the average session volume of 2,622,709 shares. The stock had previously closed at $13.03.

Newsmax Price Performance

The business has a 50-day moving average of $21.31.

Newsmax (NYSE:NMAX - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported ($0.53) EPS for the quarter. The firm had revenue of $45.30 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Golden State Wealth Management LLC purchased a new position in shares of Newsmax in the 1st quarter valued at approximately $39,000. CWM LLC acquired a new stake in shares of Newsmax during the first quarter worth $47,000. Allworth Financial LP purchased a new position in Newsmax in the 1st quarter valued at $89,000. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in shares of Newsmax during the first quarter worth about $217,000. Finally, Sassicaia Capital Advisers LLC purchased a new stake in Newsmax in the 1st quarter valued at approximately $309,000.

About Newsmax

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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