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Why Newsmax Stock Plummeted This Week

TheMotleyFool

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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.

Source Fool.com

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