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Newsmax, a conservative media company, became a meme stock after its IPO skyrocketed by 2,190%, bringing its market valuation ...
Retail traders on Stocktwits were buzzing, with some skeptical that the huge gains could continue. Newsmax saw its market cap soar to $20 billion Tuesday.
Shares of the conservative cable news channel Newsmax have skyrocketed more than 2,000 percent in the two days since it began trading in New York, pushing the firm's market value above $26 billion.
After rising roughly 14% in Monday's trading, Newsmax stock is continuing to move higher in today's session. The stock is seeing some significant recovery after big sell-offs last week, but the gains ...
Newsmax's stock surge sent its market capitalization to nearly $30 billion — meaning the company is now more valuable than ...
Newsmax (NYSE: NMAX) has been sizzling since completing its initial public offering (IPO) this week. Shares of the conservative news network rocketed over 700% the day it went public, rising from its ...
The stock slumped as much as 50%, wiping out $15 billion in market value, after a 2,230% surge in Newsmax’s first two days as a public company.
Conservative TV company Newsmax has seen its stock market valuation surge by more than 2,200% since its debut in New York on Monday. The US firm's shares, which were originally priced at $10 (£7.75) ...
That surge also pushed Newsmax’s valuation to $11.2 billion — making the company worth more than the New York Times, which has a market cap of $8.1 billion. Shares of Newsmax started trading ...
Newsmax lost $55 million in the first half of last year. But its stock surged this week as shares in the company traded on ...
That's a sky-high valuation for a company that only generated ... Supply and demand are big factors driving the epic surge in Newsmax's stock price. The company only sold 7.5 million shares ...