10 Stocks Fall Behind Amid Market Optimism

5. Newsmax Inc. (NYSE:NMAX)

Newsmax extended its losses for a second day on Wednesday, losing 11.48 percent to finish at $34.71 apiece as investors resumed profit-taking following Monday’s surge while shifting funds to higher-yielding assets.

On Monday, NMAX announced that its viewership jumped by 50 percent year-on-year to 33.6 million from 22.4 million in the same period last year.

First-quarter ratings this year also saw a healthy 15-percent increase from the fourth quarter of 2024 when 29.3 million viewers tuned in.

“These strong surges in audiences rarely happen in cable news,” said NMAX Vice President for Media and Market Research Jason Villar.

”We are clearly bucking the trend of cable news and overall cable viewership as viewers clearly like the product Newsmax is offering,” he added.