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Retail traders on Stocktwits were buzzing, with some skeptical that the huge gains could continue. Newsmax saw its market cap ...
Newsmax's stock surge sent its market capitalization to nearly $30 billion — meaning the company is now more valuable than ...
Newsmax goes full ‘meme stock’ as shares have surged over 2000 percent since insane IPO debut - ‘This is like the initial ...
Despite huge sell-offs this week, Newsmax still has a market capitalization of roughly $2.94 billion. With the business posting sales of $171 million last year, the company is now valued at roughly 17 ...
Newsmax stock dropped 24% early Wednesday after a blistering 2,550% post-IPO rally. The stock's volatility mirrors meme-stock trends driven by retail investor interest. Newsmax's low share float ...
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 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 ...
“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 ...