Tuesday, April 01, 2025

Newsmax stock soars, pushing market cap to >$20 billion

Newsmax stock (NMAX) soared as high as 173% Tuesday, extending its massive 735% gain on Monday following the conservative cable news outlet's IPO.

Posted by lamplighter at 04:06 PM | 1 COMMENT | permalink

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... Newsmax raised $75 million in its IPO Friday, with shares priced at $10. The outlet's rapid ascent in its first two days of trading pushed its market cap to more than $20 billion Tuesday afternoon, with shares trading as high as $228. ...

#1 | Posted by LampLighter at 2025-04-01 04:07 PM

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