Cable news outlet Newsmax posted staggering gains since its IPO debut on Monday, drawing comparisons to Trump Media & Technology Group. Both companies have high valuations despite losing money.
Ask investors who bought shares in Donald Trump's media company a year ago. Is Newsmax, the conservative news company that just went public, overvalued? Short answer: I don't give investment advice.
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. By Benjamin Mullin Newsmax, the ...
Shares of conservative media outlet Newsmax (NYSE: NMAX) traded with extreme volatility today. Shares fell as much as 24% this morning before doing a complete 180. As of 1:50 p.m. ET, the stock ...
Newsmax (NMAX) stock dropped just over 77% Wednesday, forfeiting a large chunk of its massive post-IPO surge that saw shares soar from $14 to $233. The stock's spiral sent Newsmax's market cap ...
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 ...
A display shows a Newsmax logo on the day of their IPO on the floor at the New York Stock Exchange. - Seth Wenig/AP Loyal Newsmax viewers who listened to the channel’s entreaties last year and ...
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. The IPO was priced at $10 a share last Friday ...
Newsmax stock plunged 77% to $52.71 on Wednesday. Before it cratered, the stock rallied a blistering 2,550% in the two days since it went public. Newsmax's low share float heightens volatility ...
Newsmax (NMAX) stock dropped as much as 20% premarket Wednesday after a massive post-IPO surge saw shares soar from $10 to $233. Newsmax is a conservative cable news outlet and Fox News ...