Newsmax, TruGolf, Reddit: Why Retail Traders Are Buzzing Over These 3 Communication Services Stocks

Strong retail activity for these stocks have come despite any major news catalysts, underlining their status as retail favorites.
General view of atmosphere during the NYSE opening bell ceremony at the New York Stock Exchange on December 15, 2015 in New York City.
General view of atmosphere during the NYSE opening bell ceremony at the New York Stock Exchange on December 15, 2015 in New York City. (Photo by Noam Galai/Getty Images)
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Shanthi M·Stocktwits
Updated Jul 02, 2025 | 8:31 PM GMT-04
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The broader market paused for a breather in the week ended May 9 and, in the process, snapped a two-week winning run. Amid the rally's cool-off, the following communication services stocks saw a strong increase in retail chatter over the past 24 hours to late Sunday on Stocktwits.

Newsmax, Inc. (NMAX) | 400% increase in message volume

Boca Raton, Florida-based Newsmax, which functions as a television broadcaster and multi-platform content publisher, went public on March 31. The pro-Trump media company made a dream debut with a 735% gain for the stock in its first session as a public company.

The stock has since then lost over 71% as the early euphoria faded.

Most recent retail comments veered to being ‘bullish,’ with one user expecting the stock to get back to the $200 level. 

Another user said he added more stock, while a third pointed to the looming May 15 deadline for filing the  quarterly report.

TruGolf Holdings, Inc. (TRUG) | 400% increase in message volume

Nano-cap TruGolf is a provider of golf simulator hardware, and its stock fell about 12% last week. The Salt Lake City, Utah-based company’s shares are down a steeper 62% year-to-date.

Retail investors were hoping for a turnaround in the stock despite a lack of any meaningful catalyst last week.

Short interest in the stock is at a not-so-elevated 1.70%, according to Koyfin.

Reddit, Inc. (RDDT) | 267% increase in message volume

Reddit stock has been on retail’s radar ever since it pulled back from its all-time high of $230.41, hit on Feb. 10. The stock did not get much lift from the first-quarter results reported in early May.

Retail chatter centered around a potential rebound in the stock past the $200 level following the U.S.-China trade deal.

The Communication Services Select Sector SPDR ETF Fund (XLC) rose 1.93% to $99.06 in the early premarket session on Monday. The exchange-traded fund (ETF) is up about 0.70% this year.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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