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Newsmax Plunges 10.98% Amid 121M Share Resale
Generated by AI AgentAinvest Pre-Market Radar
Friday, May 30, 2025 8:38 am ET1min read
On May 30, 2025,
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.
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