Newsmax Plunges 10.98% Amid 121M Share Resale

On May 30, 2025, Newsmax experienced a significant drop of 10.98% in pre-market trading, marking a notable decline in its stock performance.

Newsmax has recently filed for the resale of 121 million shares of common stock, a move that could potentially impact its stock price. This decision by the company to initiate the resale of such a large number of shares may have contributed to the recent decline in its stock value. Investors are closely monitoring this development as it could affect the company's market capitalization and shareholder confidence.