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 ...

Andersen said it’s “probably a perfect time” for Newsmax’s IPO, “simply because of all the volatility in the political arena currently.” Ruddy forecast the company’s successful debut ...

Shares of Newsmax started trading for $14 per share 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 hours ...

The late-day surge led to the stock being halted from 3:46 p.m. to close, ending Monday on an intraday high of $82.25. Newsmax shares continued rising after close, jumping about 8% to $89 around 4 ...

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 ...

Shares of the conservative cable news channel Newsmax have skyrocketed more than 2,000 percent in the two days since it began trading in New York, pushing the firm's market value above $26 billion.

Newsmax (NMAX) stock dropped just over 77% Wednesday, forfeiting a large chunk of its massive post-IPO surge that saw shares soar from $14 to $233. The stock's spiral sent Newsmax's market cap ...

That surge also pushed Newsmax’s valuation to $11.2 billion ... for $14 per share on Monday morning — above its $10 IPO price — and quickly ran from there. The outlet’s stock was ...