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Politically right-leaning news outlet Newsmax (NYSE: NMAX) went public in an initial public offering in late March that could have easily gone unnoticed. However, shares of the company soared out of the gate. Newsmax stock closed its first day of trading more than 5 times higher than it started. By the end of day two,…
Newsmax (NYSE: NMAX), a media company with conservative leanings, was founded in 1998 and has grown rapidly over the past decade with the rise in popularity of Donald Trump. Newsmax’s stock went on a wild ride after its initial public offering (IPO) on March 31, 2025. It went public at $10, started trading at $14,…
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 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 0.2% and 0.6%, respectively. Newsmax announced today…
