1don MSN
The Newsmax IPO was one for the record books. 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.
Newsmax stock soared 1,236%, but overvaluation, net losses, and litigation risks make it a high-risk investment. Click here to read why NMAX is a Strong Sell.
3don MSN
Newsmax stock surges 500% on NYSE debut, fueled by right-wing media demand. Analysts question sustainability amid cable TV’s decline and financial struggles.
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Newsmax Inc. surged 1,800% in two days, reaching a $30 billion valuation, surpassing Fox Corporation. See why I rate NMAX a strong sell.
Shares in Newsmax, the cable TV news outlet known for its sympathetic coverage of Donald Trump, soared more than 700% on their first day of trading.
There's a new Trump trade on Wall Street, and it's as volatile as the president's agenda.
Asian shares are mostly falling, shaken by jitters over what President Donald Trump will announce about tariffs on his “Liberation Day” later in the global day
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.