Why Newsmax Stock Sank 12.2% Last Month and Has Kept Plummeting in August

Newsmax (NYSE: NMAX) stock got hit with a double-digit sell-off last month despite a bullish backdrop for the broader market trading. The company's share price fell 12.2% across July's trading. Meanwhile, the S&P 500 index rose 2.2%, and the Nasdaq Composite climbed 3.7% over the period.The broader market saw some big swings in conjunction with macroeconomic and geopolitical news last month, but major indexes managed to close out the stretch solidly in the green. Despite the absence of any major bearish catalysts for Newsmax, the stock saw another substantial round of sell-offs in July.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool