Financial losses and legal issues make Newsmax a risky investment.

Newsmax (NYSE: NMAX) stock saw another surge of selling action over the past week of trading trading. The company's share price ended the week's trading down 26% from the previous week's market close.

Newsmax (NYSE: NMAX) stock is posting big gains in Monday's trading. The media company's share price was up 13.5% as of 12:40 p.m. ET. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) was up 0.2% at the ...