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Newsmax goes full ‘meme stock’ as shares have surged over 2000 percent since insane IPO debutLast year, Newsmax brought in $171 million in total ... AMC Entertainment (AMC), Avis (CAR), and others, when a stock reaches meme status and has a limited float, the stock can go higher than ...
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Newsmax not only runs a cable network with several television channels, but also creates original content on its flagship website, Newsmax.com, and through various podcasts, radio, and other digital ...
Newsmax has cemented its status as a meme stock following its IPO debut on Monday. The stunning rally for shares of the media company in the two days since going publish represents a gain of 2,190 ...
Newsmax sold 7.5 million shares in its IPO and the company quickly reached meme stock status. About 11 million shares changed hands on Tuesday. "There's not a lot of stock to trade in the market ...
Newsmax, founded as a digital brand in 1998 ... This is far removed from typical industry metrics, further reinforcing the "meme stock" characterization, where market sentiment and momentum ...
Newsmax's meme-stock status suggests shares will likely remain highly volatile in the near term. Newsmax's big gains came on the heels of even bigger sell-offs in the previous week's trading.
Newsmax's meme-fueled IPO surge has collapsed, leaving the stock overvalued and fundamentally detached from its weak financials and persistent losses. Legal risks, especially the Dominion ...
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 ...
“Whether or not that persists, who knows, but it has all the hallmarks of a meme stock. There needs to be some sort of passion to enable investors overlooking fundamentals, and Newsmax fits that ...
The stock's rise may be due to the limited shares offered in the 'mini IPO.' Newsmax has cemented its status as a meme stock following its IPO debut on Monday. The stunning rally for shares of the ...
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