MAGA favorite Newsmax is hottest new meme stock
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Insider |
The massive gains could be partly due to the small number of shares offered in the "mini IPO."
U.S. News & World Report |
Shares of conservative news outlet Newsmax jumped over 18% before the bell on Tuesday, extending the stock's gains a day after its stunning debut on the New York Stock Exchange.
Business Insider |
Newsmax has become a go-to place for Americans seeking real news and opinion.
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Shares of Newsmax skyrocketed again on Tuesday, as trading in the conservative news outlet’s stock was halted again for volatility multiple times throughout the day, more than doubling the company’s market cap to above $22 billion after a massive debut yesterday.
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Newsmax debuted on the New York Stock Exchange on Monday and surged over 500% in the first few hours of trading, leading to nearly a dozen trading halts following its initial public offering, as its market cap surged to more than $5.5 billion.
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A destination for political conservatives, the Boca Raton, Fla.-based news operation surges after its initial public offering.