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Key Takeaways Shares of conservative news channel Newsmax nearly tripled Tuesday, putting the stock 2,200% above its IPO ...
Newsmax stock skyrocketed on its first day of trading, and it managed to climb as high as $265 per share, thanks to gains in the next daily session. But the rally appears to have been largely powered ...
Even after crashing down to earth Wednesday, Newsmax is still valued at an extreme premium compared to Fox and the New York ...
A destination for political conservatives, the Boca Raton, Fla.-based news operation surges after its initial public offering ...
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The Newsmax IPO was one for the record books. Priced at $10 per share, the cable TV company closed its first day of ...
Because its business is consuming cash, Newsmax had to raise capital from investors. While awaiting its IPO, it launched a ...
Newsmax CEO Chris Ruddy, who is now a billionaire on paper thanks to the stock’s explosive performance, told CNN, “Last election Americans voted against the media establishment and similarly ...
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