but the gains appear to be primarily driven by meme-stock momentum. Newsmax plummeted in last week's trading as investors sold the stock, apparently to take profits in reaction to news that ...

The rise follows conservative media company Newsmax's Monday public debut, which was the best-performing first day since 2022 ...

Shares of the conservative network surged over 2,200% after its public debut, despite heavy losses, sparking comparisons to 2021’s retail trading mania and raising eyebrows across Wall Street.

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 ...

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 ...

Newsmax, founded as a digital brand in 1998 ... This is far removed from typical industry metrics, further reinforcing the "meme stock" characterization, where market sentiment and momentum ...

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 ...

After massive sell-offs last week, Newsmax stock is regaining ground. This week's gains appear to be the result of more meme-stock trading. Newsmax is recording strong ratings growth, but the ...

Newsmax stock saw another big valuation pullback today despite a seemingly positive development for the business. The company benefited from meme stock momentum in the first days following its ...