The company later saw a sharp correction, plunging 79% on its third day as a publicly traded stock. It has now caught the ...
The stock began trading at $14 Monday before surging a staggering 735%. Shares rose another 180% Tuesday, rocketing Newsmax's ...
Newsmax stock price crashed 77% on Wednesday after a wild post-IPO rally. Its low share float heightens the stock's ...
Newsmax (NMAX) stock dropped 40% Wednesday morning after a massive post-IPO surge saw shares soar from $10 to $233. Newsmax ...
The incredible rally in the newly listed shares of Newsmax, Inc. (NMAX) continued into day two, with retail investors forming ...
Newsmax is a conservative cable news outlet and Fox News alternative that was founded in 1998 by CEO Christopher Ruddy, a media mogul and friend of US President Trump. The company — which also ...
Newsmax's IPO rally became the largest in the history of ... the blank-check firm behind President Donald Trump's Trump Media & Technology Co. (Nasdaq: DJT), saw a 508% post-IPO gain in 2021.
The move: After a two-day rally of ... Similar to Trump Media & Technology Group, which trades heavily on retail investor sentiment, individual investors have piled into Newsmax shares.
Cable news outlet Newsmax posted staggering gains since its IPO debut on Monday, drawing comparisons to Trump Media & Technology Group. Both companies have high valuations despite losing money.