Newsmax Inc. (NYSE:NMAX - Get Free Report)'s share price shot up 4.9% during trading on Friday . The stock traded as high as $15.13 and last traded at $15.05. 965,959 shares were traded during mid-day trading, a decline of 60% from the average session volume of 2,419,521 shares. The stock had previously closed at $14.35.
Newsmax Price Performance
The company has a 50 day moving average of $18.76.
Newsmax (NYSE:NMAX - Get Free Report) last posted its quarterly earnings data 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 Trading of Newsmax
Several hedge funds and other institutional investors have recently bought and sold shares of NMAX. Flagship Harbor Advisors LLC bought a new position in shares of Newsmax during the first quarter worth approximately $551,000. Sassicaia Capital Advisers LLC acquired a new stake in Newsmax during the first quarter worth approximately $309,000. Woodard & Co. Asset Management Group Inc. ADV bought a new position in Newsmax during the 1st quarter worth $217,000. Allworth Financial LP bought a new position in Newsmax during the 1st quarter worth $89,000. Finally, CWM LLC bought a new stake in shares of Newsmax during the 1st quarter valued at $47,000.
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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