Ruddy retains more than 80% of voting power following the IPO due to the dual-class share structure. The post Newsmax Stock Surge Continues on Day 2 After IPO, Up Another 50% appeared first on ...

Conservative news network Newsmax (NMAX) crashed 77.5% on Wednesday, cutting short its explosive post-IPO run. The stock had soared 2,230% in its first two days of trading on the NYSE (New York ...

Supply and demand are big factors driving the epic surge in Newsmax's stock price. The company only sold 7.5 million shares via its IPO. Demand from investors has far exceeded the number of ...

Newsmax stock surged as much as 2,190% after its IPO debut, reaching $229 per share on Tuesday. The right-wing cable channel's market value exceeded $20 billion. The stock's rise may be due to the ...

Newsmax's gains came amid a 2.5% rally for the S&P 500 and a 2.7% jump for the Nasdaq Composite. In addition to the bullish backdrop shaping the broader market's trading, the stock saw gains driven by ...

With $75 million in gross proceeds from the IPO and $225 million raised from a prior private placement of preferred stock to accredited investors, Newsmax leadership has outlined plans to fuel growth.

If you follow the media world at all, there is a good chance Newsmax ... important to have stocks like this open out of the gates strong. It’s a shot in the arm for the IPO market.” ...

That surge also pushed Newsmax’s valuation to ... on Monday morning — above its $10 IPO price — and quickly ran from there. The outlet’s stock was halted six times in the first three ...