Why Newsmax Stock Plummeted This Week
Newsmax (NYSE: NMAX) stock saw another surge of selling action over the past week of trading trading. The company's share price ended the week's trading down 26% from the previous week's market close.Newsmax stock saw pullbacks in conjunction with some directionally bearish fluctuations for the broader market and also some business-specific news. The company followed up an engagement update for its free-streaming channel with a new board-member announcement and forward sales guidance for the year, and shares sold off in conjunction with the new outlook. Image source: Getty Images.Continue reading
Newsmax (NYSE: NMAX) stock saw another surge of selling action over the past week of trading trading. The company's share price ended the week's trading down 26% from the previous week's market close.
Newsmax stock saw pullbacks in conjunction with some directionally bearish fluctuations for the broader market and also some business-specific news. The company followed up an engagement update for its free-streaming channel with a new board-member announcement and forward sales guidance for the year, and shares sold off in conjunction with the new outlook.
Image source: Getty Images.
