Conyers Investments LLC sells $3,860 of Newsmax (NMAX) stock

Conyers Investments LLC, a major shareholder of Newsmax Inc., sold a portion of its holdings on September 23, 2026. Specifically, the firm disposed of 350 shares, or $3,860 worth, at a price of $11.03 per share. This sale reduced Conyers Investments LLC's ownership in Newsmax Inc. from 10% to 21,965,289 shares of the company's Class B Common Stock.

The transaction occurred as Newsmax shares had experienced a significant 60% increase over the previous six months, trading at $10.90 with a market capitalization of $1.45 billion. Despite the stock appearing overvalued based on Fair Value estimates, this sale suggests that Conyers Investments LLC may have been looking to diversify its portfolio.

Newsmax Media Inc. also reported positive financial results for the second quarter of 2026, with a net income of $2.9 million and revenue growing 16.5% year-over-year to a record $54.1 million.