Key Takeaways Shares of conservative news channel Newsmax more than doubled in intraday trading Tuesday, putting the stock 2,000% above its IPO price.The stock soared 735% during its first day of trading Monday,

Priced at $10 per share, the cable TV company closed its first day of open-market trading at $83.51 and its second at $233, after rising as high as $265. That left the stock NMAX up 2,230% in its first two days of trade on the New York Stock Exchange.

Loyal Newsmax viewers who listened to the channel’s entreaties last year and lined up to buy $10-per-share stakes in the company are feeling pretty rich right about now. Those shares are currently worth more than $130 each.

A destination for political conservatives, the Boca Raton, Fla.-based news operation surges after its initial public offering.

Conservative cable news channel Newsmax is getting a Trump bump on Wall Street. The Boca Raton, Florida, outlet's stock price surged after its initial public offering Monday. Shares offered at $10 closed at $233 a share Tuesday afternoon,