Newsmax stock plummets nearly 80% after wild post-IPO rally pushed company value north of $20 billion
The stock began trading at $14 Monday before surging a staggering 735%. Shares rose another 180% Tuesday, rocketing Newsmax's market cap from $1.2 billion upon its market debut to $20.8 billion. The stock's performance showed the Trump trade still has room to run in some cases, just as the president's tariff policies slam the market at large.
Newsmax's stock took flight immediately following its IPO, soaring as much as 2,230% by Tuesday. Yesterday, however, shares ...
Because its business is consuming cash, Newsmax had to raise capital from investors. While awaiting its IPO, it launched a ...
2don MSN
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, ...
The shares recently traded up about 9% off Wednesday's close at around $57, climbing off morning lows that saw them in the ...
Newsmax's shares closed with a more-than-eight-fold gain at $83.51 on Monday, partly buoyed by retail interest.
The company is not selling any securities under this prospectus and will not receive any of the proceeds from the sale by the selling ...
Newsmax CEO and the famously sober lawyer Rudy Giuliani ring in the bell at the NYSE on April 3, 2025. Moments later the Dow ...
The prompting for this column was the invitation to be present on the floor of the New York Stock Exchange on Thursday ...
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