Newsmax Stock Soars Over 500% in Volatile NYSE Debut

There's a new Trump trade on Wall Street

Newsmax's IPO on Monday sparked a market buzz, sending shares of the Trump-aligned network soaring.

Newsmax: Trump-endorsed news outlet sees 2,200% share surge

Conservative US cable TV channel Newsmax started trading on the New York Stock Exchange on Monday.

Cable news channel Newsmax jumps a day after strong NYSE debut

(Reuters) - 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.

Newsmax Soars 735% In NYSE Debut, Founder Christopher Ruddy Becomes Billionaire

Newsmax Inc. (NYSE:NMAX) debuted on the New York Stock Exchange Monday, with shares surging 735% and catapulting founder and CEO Christopher Ruddy into billionaire status. What Happened: The cable news network raised $75 million in its initial public offering, pricing shares at $10 each under Regulation A+. According to company statements, the stock closed at $83.51 after multiple trading halts due to extreme volatility. Ruddy now controls a for…

Major Media Cover Newsmax IPO

Newsmax’s debut on the New York Stock Exchange (NMAX) on Monday caught the attention of more than investors as major media outlets took notice of the trading that began at $14 per share and closed at $83.51, a jump of 735%, with Bloomberg calling it the best opening day in three years.  The Wall Street Journal agreed, calling it a “roaring market debut.” Forbes noted Newsmax’s market cap, reporting Monday afternoon that Newsmax “was more valuabl…

Donald Trump-Aligned Cable TV Network Newsmax Skyrockets In IPO; Shares Up More Than 700%

Shares in Newsmax, the cable TV news outlet known for its sympathetic coverage of Donald Trump, soared more than 700% on their first day of trading.