Newsmax (NYSE:NMAX - Get Free Report) shares rose 0.4% during mid-day trading on Monday . The stock traded as high as $24.20 and last traded at $22.90. Approximately 563,987 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 4,664,732 shares. The stock had previously closed at $22.80.
Newsmax Price Performance
Hedge Funds Weigh In On Newsmax
A hedge fund recently bought a new stake in Newsmax stock. Flagship Harbor Advisors LLC purchased a new position in shares of Newsmax (NYSE:NMAX - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,600 shares of the company's stock, valued at approximately $551,000.
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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