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 2021’s retail trading mania and raising eyebrows across Wall Street.

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 ...

Conservative news media company Newsmax (NYSE:NMAX ... The meteoric rise is reminiscent of the meme stock surge by GameStop (NYSE:GME) and AMC (NYSE:AMC) in 2021. As mentioned, the company ...

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 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 ...