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Newsmax IPO draws comparisons to GameStop meme stock mania

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Shares of Newsmax continued to rise on Tuesday following a massive public debut on Monday, in which shares shot up more than 700% for the best-performing first day since 2022.
From Fast Company
Despite its lofty valuation, Newsmax has struggled to turn a profit during the run-up to its stock market debut.
From The New York Times

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Jim Cramer on Newsmax (NMAX) – “A Meme Stock, No More Predictable Than a Game”
We recently published a list of Jim Cramer’s Take on These 10 Stocks. In this article, we are going to take a look at where Newsmax (NYSE:NMAX) stands against other stocks that Jim Cramer discusses. On Wednesday,
Newsmax IPO draws comparisons to GameStop meme stock mania, as NMAX price surges another 160% today
The rise follows conservative media company Newsmax's Monday public debut, which was the best-performing first day since 2022.
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.
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.
Newsmax Stock (NMAX) Crashes over 77% as Post-IPO Surge Fizzles Out
Conservative news network Newsmax (NMAX) crashed 77.5% on Wednesday, cutting short its explosive post-IPO run. The stock had soared 2,230% in
Newsmax Stock Is Extremely Volatile Today. Does It Have Anything to Do With Trump's Tariffs?
Shares of conservative media outlet Newsmax (NMAX 21.93%) traded with extreme volatility today. Shares fell as much as 24% this morning before doing a complete 180. As of 1:50 p.m
Newsmax Stock Plummets After Wild Post-IPO Runup
Shares of the media company were recently off some 40% to $140, plummeting to start their third day of trading. Newsmax ( NMAX) went public Monday —its IPO price was $10, and it opened at $14—to kick off a dramatic upward run. The stock finished yesterday at $233 after slipping from intraday highs of $265.
Newsmax made history in the two sessions following 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.
How to Invest in Newsmax (NMAX)
Because its business is consuming cash, Newsmax had to raise capital from investors. While awaiting its IPO, it launched a private offering to sell up to $225 million of convertible preferred stock. The IPO raised another $75 million in cash to help fund Newsmax's operations and growth.
Newsmax Explodes 735% in IPO Debut as Trump Era Fuels Investor Frenzy
Conservative cable network Newsmax (NYSE:NMAX) exploded onto the public markets on Monday, closing at $83.51—up a staggering 735% from its $10
Newsmax stock is extremely volatile. Does it have anything to do with Trump's tariffs?
Newsmax's stock took flight immediately following its IPO, soaring as much as 2,230% by Tuesday. Yesterday, however, shares of Newsmax plummeted 77%.
Newsmax jumps 137%, triggers halts as public trading begins
Conservative-focused news network Newsmax (NYSE:NMAX) opened for trading on its first day as a public stock at $14, above its $10 initial public offering price, and rose from there to a 66% gain before a volatility halt just before 11 a.
Newsmax Shares Climb During First Day of Trading
Shares of Newsmax climbed during the company's first day on the public market. The stock rose 345% to $44.51 on Monday, up from an initial public offering price of $10 each.
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