Long a conservative media also-ran, Newsmax’s stock price has risen and fallen dramatically throughout the week.
So you have all of these people focusing on — and like you said, I mean, the DOW is down twelve - fifteen hundred points out of forty thousand. That's not that bad. It wasn't as bad as maybe some people had thought it would be,
Loyal Newsmax viewers who listened to the channel’s entreaties last year and lined up to buy $10-per-share stakes in the company are feeling pretty rich right about now. Those shares are currently worth more than $130 each.
Newsmax stock price crashed 77% on Wednesday after a wild post-IPO rally. Its low share float heightens the stock's volatility.
Shares of conservative news outlet Newsmax soared another 180% on Tuesday, extending their eye-popping gains a day after a stellar debut on the New York Stock Exchange.
Even after crashing down to earth Wednesday, Newsmax is still valued at an extreme premium compared to Fox and the New York Times.
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Newsmax's shares closed with a more-than-eight-fold gain at $83.51 on Monday, partly buoyed by retail interest.
Conservative new channel Newsmax's stock surged again on Tuesday after skyrocketing Monday in its first day of trading.
A little-known investment bank called Digital Offering was behind Newsmax's public stock offering. An exec explains how the firm won the deal.