Newsmax conducted its initial public offering at the end of March. Its share price has seen massive upward and downward movements. Investors can glean important lessons. Initial public offerings (IPOs ...
Newsmax (NYSE: NMAX) plummeted by more than 11% on Tuesday and is now nearly 70% lower than its initial public offering closing price from March 31. This significant drop occurs despite the ...
The conservative media outlet went public earlier this year, and its stock soared early. Newsmax has traded like a meme stock and come down considerably since its first few days of trading. Newsmax ...
Newsmax (NYSE: NMAX), the media stock that rocketed higher in early April just after it landed on the stock exchange and then sank, continued to cool down the following month. Across May its share ...
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 defamation ...
Shares of Newsmax (NYSE:NMAX) fell as much as 11% in heavy volume trading by midday on Tuesday. The stock is currently down more than 9%. The conservative news network is set to wipe off its gains ...
Shares of Newsmax Media (NYSE: NMAX) are plunging on Friday. The media company's stock lost 18% as of 3:45 p.m. ET and was down as much as 23.6% earlier in the day. The steep decline comes as the S&P ...
Newsmax currently has a $1.5 billion market capitalization. However, when the stock price reached $233, its market cap was about $21 billion. That might not mean much in isolation. But putting the ...