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 ...
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 ...
Because its business is consuming cash, Newsmax had to raise capital from investors. While awaiting its IPO, it launched a ...
Newsmax's shares closed with a more-than-eight-fold gain at $83.51 on Monday, partly buoyed by retail interest.
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Despite the slow death of cable TV, Newsmax had a wild market debut that forced multiple trading halts for volatility. After ...
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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 company is not selling any securities under this prospectus and will not receive any of the proceeds from the sale by the selling ...
Newsmax (NMAX) shares bounced Thursday, turning positive after first extending their retreat from post-IPO highs. The self-described conservative media company went public Monday, kicking off a ...
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