Reported 4 days ago
Newsmax's stock (NMAX) skyrocketed by 180% on Tuesday, following a staggering 735% increase on Monday after its IPO, raising $75 million at a share price of $10. The rapid trading pushed the company's market capitalization to $20.8 billion, with shares closing at $234. Despite facing ongoing legal challenges and scrutiny, CEO Christopher Ruddy expressed that this funding will support their growth initiatives and digital expansion.
Source: YAHOO