Newsmax, Meme Stock
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USA TODAY |
Shares of conservative news outlet Newsmax NMAX.N soared more than 60% on Tuesday, extending their eye-popping gains a day after a stellar debut on the New York Stock Exchange.
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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U.S. stocks are swerving through another shaky day of trading, with uncertainty still high about just what President Donald Trump will announce about tariffs on his “Liberation Day.”
Retail traders on Stocktwits were buzzing, with some skeptical that the huge gains could continue. Newsmax saw its market cap soar to $20 billion Tuesday.
Babcock & Wilcox's stock closed Tuesday at an all-time low 46 cents per share. On quarterly earnings call, executives discuss looming debt deadlines.
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On Wall Street, the S&P 500 rose 0.6% in another roller-coaster day, after being down as much as 1.7% during the morning. The reversal helped the index shave its loss for the first three months of the year to 4.6%, making it the worst quarter in two-and-a-half years.
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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The move could bolster Intercontinental Exchange-owned NYSE, which on Monday became the first exchange to operate in Texas.
Key Takeaways The New York Stock Exchange launched its Texas exchange with its first listing by Trump Media & Technology Group.President Lynn Martin explained that the move would give companies the ability to capitalize on the "pro-business dynamics" in the Lone Star State.
Too soon to declare the ‘all clear,’ the market will likely remain volatile and idiosyncratic,” says Lisa Shalett, Chief Investment Officer at Morgan Stanley
Conservative cable news network Newsmax went public on the New York Stock Exchange Monday. Its stock rocketed 735% higher in its first volatile day of trading. Trading under the ticker "NMAX," the stock opened at $14 a share after pricing at $10 a share,
Trump Media & Technology Group said on Monday it has become the first company to be listed on NYSE Texas, handing an early boost to the exchange as it gears up for fierce competition in the Lone Star state.
Equity Stock Transfer congratulates Chris Ruddy and Newsmax on this milestone and thanks the team at Digital Offering and Vinyl Equity for their assistance in processing the transfers. Equity Stock Transfer through its relationship with Vinyl Equity helped achieve this success using custom systems software jointly developed to service large private offerings which utilize general solicitation and advertising for investors as allowed under the Jobs Act and Regulation D under the Securities Act of 1933.