Newsmax Inc. (NMAX)
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Newsmax to Participate in Maxim Group's "2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow" Virtual Conference
BOCA RATON, FL / ACCESS Newswire / June 2, 2025 / Newsmax Inc. (NYSE:NMAX) ("Newsmax" or the "Company") announced today that, Christopher Ruddy, Newsmax CEO, has been invited to present at the "2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow," presented by Maxim Group LLC, on Wednesday, June 4, 2025 at 12:00 p.m. ET - 12:30 p.m.
Newsmax to Join Russell 2000 and Russell 3000 Indexes
BOCA RATON, FL / ACCESS Newswire / June 2, 2025 / Newsmax Inc. (NYSE:NMAX) ("Newsmax" or the "Company") today announced that the Company expects to list on the U.S. small-cap Russell 2000® Index, effective after the U.S. market opens on June 30, 2025, as part of the 2025 Russell indexes reconstitution. Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes.
Why Is Newsmax Stock Dropping Despite Soaring Viewership?
Newsmax (NYSE: NMAX) plummeted by more than 11% on Tuesday and is now nearly 70% lower than its initial public offering closing price from March 31. This significant drop occurs despite the conservative media company's swift expansion across cable, digital, and print platforms.
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