We recently published a list of Jim Cramer’s Take on These 10 Stocks. In this article, we are going to take a look at where Newsmax (NYSE:NMAX) stands against other stocks that Jim Cramer discusses. On Wednesday,
Newsmax's shares closed with a more-than-eight-fold gain at $83.51 on Monday, partly buoyed by retail interest.
Conservative news network Newsmax (NMAX) crashed 77.5% on Wednesday, cutting short its explosive post-IPO run. The stock had soared 2,230% in
Because its business is consuming cash, Newsmax had to raise capital from investors. While awaiting its IPO, it launched a private offering to sell up to $225 million of convertible preferred stock. The IPO raised another $75 million in cash to help fund Newsmax's operations and growth.
2don MSN
The rise follows conservative media company Newsmax's Monday public debut, which was the best-performing first day since 2022.
The stock began trading at $14 Monday before surging a staggering 735%. Shares rose another 180% Tuesday, rocketing Newsmax's market cap from $1.2 billion upon its market debut to $20.8 billion. The stock's performance showed the Trump trade still has room to run in some cases, just as the president's tariff policies slam the market at large.
Newsmax (NMAX) shares bounced Thursday, turning positive after first extending their retreat from post-IPO highs. The self-described conservative media company went public Monday, kicking off a whirlwind week of trading.
Newsmax's share price soared when it started trading Monday on the New York Stock Exchange under the ticker "NMAX."
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Shares of the media company were recently off some 40% to $140, plummeting to start their third day of trading. Newsmax ( NMAX) went public Monday —its IPO price was $10, and it opened at $14—to kick off a dramatic upward run. The stock finished yesterday at $233 after slipping from intraday highs of $265.