Even after crashing down to earth Wednesday, Newsmax is still valued at an extreme premium compared to Fox and the New York Times.
We recently published a list of Jim Cramer’s Take on These 10 Stocks. In this article, we are going to take a look at where Newsmax (NYSE:NMAX) stands against other stocks that Jim Cramer discusses. On Wednesday,
Many factors can cause a stock to surge following its IPO. However, one catalyst tends to drive its long-term performance: profitability. A company needs to make money to support its operations and growth over the long term. If a company continues to lose money, its stock will likely lose value.
Newsmax stock price crashed 77% on Wednesday after a wild post-IPO rally. Its low share float heightens the stock's volatility.
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.
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A destination for political conservatives, the Boca Raton, Fla.-based news operation surges after its initial public offering.