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Newsmax Stock Plummets

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Insider |
The conservative news channel saw a flood of trading activity immediately after it went public.
The New York Times |
Despite its lofty valuation, Newsmax has struggled to turn a profit during the run-up to its stock market debut.
MarketWatch |
Steven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities.

Read more on News Digest

Warning: 3 Reasons to Be Cautious About Newsmax Stock After Its Epic Post-IPO Surge
Newsmax (NYSE: NMAX) has been sizzling since completing its initial public offering (IPO) this week. Shares of the conservative news network rocketed over 700% the day it went public, rising from its $10 IPO price to over $80 per share.
Newsmax stock plunges 77% after blistering post-IPO rally
Newsmax stock price crashed 77% on Wednesday after a wild post-IPO rally. Its low share float heightens the stock's volatility.
Newsmax Stock Plummets After Wild Post-IPO Runup
Newsmax’s wild ride continues. This time, though, the rollercoaster went down.Shares of the media company finished Wednesday's session off 77% at under $53 apiece. plummeting in their third session as a publicly traded company.
Why Was Newsmax, the Right-Wing Channel, Suddenly Worth More Than U.S. Steel?
Newsmax lost $55 million in the first half of last year. But its stock surged this week as shares in the company traded on the public market for the first time.
Trump-endorsed news channel sees shares surge 2,200%
Conservative TV company Newsmax has seen its stock market valuation surge by more than 2,200% since its debut in New York on Monday. The US firm's shares, which were originally pr
Conservative News Outlet Newsmax Sees Shares Spike Over 500% in Debut
Newsmax, the conservative news outlet, saw its shares hike over 500% in early trading on its first day on the New York Stock Exchange
Newsmax’s valuation surged to nosebleed levels after its IPO. Day 3 has been a different story.
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.
Meet the tiny investment bank behind Newsmax's rip-roaring stock debut
A little-known investment bank called Digital Offering was behind Newsmax's public stock offering. An exec explains how the firm won the deal.
Newsmax shares keep rising in premarket trade
Newsmax, the cable news network which saw a huge pop in its debut day on the New York Stock Exchange, continued to advance in premarket trades on Tuesday. Newsmax shares jumped 24% to $103.95, having surged to $83.

Newsmax Shares Fall Ahead of 3rd Trading Day

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Investopedia |
Shares of conservative news channel Newsmax more than doubled in intraday trading Tuesday, putting the stock 2,000% above its IPO price.
NBC New York |
Shares of conservative news channel Newsmax plunged more than 70% on Wednesday as its meteoric rise as a new public company proved to be short-lived.

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Newsmax Stock Has Soared 2,200% In Its First 2 Days Of Trading
Conservative new channel Newsmax's stock surged again on Tuesday after skyrocketing Monday in its first day of trading.
Newsmax Shares Fall Ahead of Third Trading Day
Shares of Newsmax dropped ahead of their third trading day after surging in their debut. The stock was down 23% at $179 in premarket trading. Shares debuted with an initial public offering price of $10 each and soared in their first two days on the market,
Newsmax extends rally, shares up 163% to $220.00
The company’s initial public offering priced at $10 per share. Newsmax (NMAX) shares began trading on Monday. The stock in afternoon trading is
Conservative cable channel Newsmax shares plunge more than 70% after a dizzying 2-day surge
The stock tumbled a whopping 72% Wednesday, following a 2,230% surge in Newsmax’s first two days of trading after debuting on the New York Stock Exchange.
Newsmax extends gains, up another 11% afterhours
Following its IPO at $14 per share Newsmax (NMAX) ended its first day of trading up 723% at $82.25. Afterhours, shares of Newsmax are up
Newsmax (NMAX) Rockets 735% on IPO Launch
Conservative news outlet Newsmax (NMAX) is soaring for the second day in a row after debuting on the NYSE yesterday in a wild IPO.  NMAX stock was offered at $10 per share, but raced 735% higher in its first day of trading to close out its first day as a public company at $83.
Newsmax Stock Craters Nearly 50% After Sizzling IPO—But Valuation Still Tops New York Times, Other Media Peers
Even after crashing down to earth Wednesday, Newsmax is still valued at an extreme premium compared to Fox and the New York Times.
Trump-backing cable network Newsmax a hot stock on Wall Street
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,
Newsmax's multibillion-dollar stock surge
Newsmax, a conservative media company, became a meme stock after its IPO skyrocketed by 2,190%, bringing its market valuation to over $20 billion.
Newsmax stock skyrockets over 60% after NYSE debut, valued at $16.3 billion
Newsmax's shares closed with a more-than-eight-fold gain at $83.51 on Monday, partly buoyed by retail interest.
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Conservative channel Newsmax surges more than 700% in stock market debut
Newsmax's share price soared when it started trading Monday on the New York Stock Exchange under the ticker "NMAX."
Newsmax Stock Skyrockets in Roaring Market Debut
Newsmax made a wild debut in the stock market. Shares of the media company surged 735% to $83.51 a share. Trading was halted multiple times during the session due to volatility. Newsmax, trading under the symbol NMAX,
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