Shares of the conservative network surged over 2,200% after its public debut, despite heavy losses, sparking comparisons to ...
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Considerable on MSNNewsmax IPO sees stock price skyrocketAnalysts attribute the surge in Newsmax’s stock to retail investors, drawing comparisons to the meme-stock phenomenon witnessed with companies like GameStop. The concept of meme ...
Newsmax sold 7.5 million shares in its IPO and the company quickly reached meme stock status. About 11 million shares changed hands on Tuesday. "There's not a lot of stock to trade in the market ...
New York | Conservative media outlet Newsmax’s meme-stock moment has given it a market value greater than Fox Corp’s, with shares surging 2230 per cent since its debut earlier this week.
Shares of the conservative media outlet Newsmax (NYSE: NMAX) had sunk by nearly 50% as of 1:25 p.m. ET today. There was no obvious reason behind the move but the stock has traded like a meme stock ...
An curved arrow pointing right. Newsmax, a conservative media company, became a meme stock after its IPO skyrocketed by 2,190%, bringing its market valuation to over $20 billion. Why did this happen?
“Whether or not that persists, who knows, but it has all the hallmarks of a meme stock. There needs to be some sort of passion to enable investors overlooking fundamentals, and Newsmax fits that ...
Even after crashing down to earth Wednesday, Newsmax is still valued at an extreme premium compared to Fox and the New York ...
Retail traders on Stocktwits were buzzing, with some skeptical that the huge gains could continue. Newsmax saw its market cap ...
Conservative TV company Newsmax has seen its stock market valuation surge by more than 2,200% since its debut in New York on ...
The company later saw a sharp correction, plunging 79% on its third day as a publicly traded stock. It has now caught the ...
Newsmax stock started trading on Monday morning at $10 per share after completing its initial public offering, where it ...
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