Analysts attribute the surge in Newsmax’s stock to retail investors, drawing comparisons to the meme-stock phenomenon witnessed with companies like GameStop. The concept of meme ...

Shares of the conservative network surged over 2,200% after its public debut, despite heavy losses, sparking comparisons to ...

The company later saw a sharp correction, plunging 79% on its third day as a publicly traded stock. It has now caught the ...

The meme-stock phenomenon was part of a wider increase in trading by retail investors - people not working for investment houses or other private firms. Newsmax was founded in 1998 as an online ...

Newsmax stock started trading on Monday morning at $10 per share after completing its initial public offering, where it ...

Newsmax sold 7.5 million shares in its IPO and the company quickly reached meme stock status. About 11 million shares changed hands on Tuesday. "There's not a lot of stock to trade in the market ...

“Whether or not that persists, who knows, but it has all the hallmarks of a meme stock. There needs to be some sort of passion to enable investors overlooking fundamentals, and Newsmax fits that ...

The stock's rise may be due to the limited shares offered in the 'mini IPO.' Newsmax has cemented its status as a meme stock following its IPO debut on Monday. The stunning rally for shares of the ...

Newsmax suddenly has a lot of capital to expand. But the market’s overexuberance has some media outlets calling it a “meme stock.” The stock closed Monday at $83.51 and nearly tripled in ...

Interestingly, Newsmax's IPO was sold to 30,000 retail investors, who effectively turned the company into a meme stock. Newsmax's coverage has been very loyal to President Donald Trump.

It took less than a day for Newsmax to become an apparent meme stock. The conservative media company made its debut on the New York Stock Exchange on Monday, and within hours of its initial public ...