Shares of the conservative network surged over 2,200% after its public debut, despite heavy losses, sparking comparisons to ...
Analysts 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 ...
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 ...
The stock's rise may be due to the limited shares offered in the 'mini IPO.' Newsmax has cemented its status as a meme stock following its IPO debut on Monday. The stunning rally for shares of the ...
Conservative TV company Newsmax has seen its stock market valuation surge by more than 2,200% since its debut in New York on ...
Even after crashing down to earth Wednesday, Newsmax is still valued at an extreme premium compared to Fox and the New York ...
“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 ...
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 ...
Newsmax went public in a small IPO on Monday. Shares soared by over 2,200% thanks to the company's connection to President Trump. The stock, which has traded like a meme stock, took a breather today.
Retail traders on Stocktwits were buzzing, with some skeptical that the huge gains could continue. Newsmax saw its market cap ...