Newsmax (NYSE:NMAX) Trading 0.4% Higher – Here’s What Happened

Newsmax (NYSE:NMAX) 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) 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

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”).