Newsmax director and 10% owner sells $357,321 in stock

Conyers Investments LLC, which holds a 10% stake in Newsmax Inc., recently sold 32,416 shares of the company's Class B Common Stock. The transaction, executed on August 21, 2026, generated roughly $357,321. Each share was sold at a price of $11.023. Post-sale, Conyers Investments LLC retains ownership of 22,762,939 shares of Newsmax Inc. Class B Common Stock.

The sale comes amid a notable uptrend for NMAX stock, which has risen by 79% over the last six months. Currently, the stock is trading at $10.47, reflecting a market capitalization of $1.41 billion. However, InvestingPro analysis suggests the stock is overvalued, positioning it among companies on an overvalued list. Investors can access seven additional exclusive tips for NMAX through InvestingPro.

Meanwhile, Newsmax Media Inc. reported its first quarterly profit since becoming a public company in the second quarter of 2026. The company recorded a net income of $2.9 million, or $0.02 per share, a stark contrast to a loss of $75.2 million in the same period a year earlier. Revenue climbed by 16.5% year-over-year, reaching a record $54.1 million, driven by stronger revenue and improved cost controls, according to management.

These financial gains underscore Newsmax's stability and progress. No recent updates on potential mergers were disclosed, but the financial results represent a significant achievement. The article, supported by AI, was reviewed by an editor for accuracy.