Reported 1 day ago
After a successful IPO, Newsmax stock has soared from $10 per share to nearly $200, creating significant wealth for early investors. Despite its growth and newfound capital for expansion, the channel faces legal challenges and concerns over its financial stability, leading some analysts to label it as a 'meme stock.' The stock's meteoric rise has caught the attention of investors, including notable figures like President Trump, as it positions itself closer to established competitors like Fox News in market capitalization.
Source: YAHOO