Financial losses and legal issues make Newsmax a risky investment.

Key Facts Shares of Newsmax tanked as much as 50% to below $120 by late morning Wednesday before recovering slightly to a 45% loss, shedding more than $10 billion in value as its market ...

Shares of Newsmax tanked as much as 50% to below $120 by late morning Wednesday before recovering slightly to a 45% loss, shedding more than $10 billion in value as its market capitalization ...

The Newsmax IPO was one for the record books. Priced at $10 per share, the cable TV company closed its first day of open-market trading at $83.51 and its second at $233, after rising as high as ...

The stock's spiral sent Newsmax's market cap down to $4.7 billion, just a fraction of its roughly $21 billion value at Tuesday's close. Shares ended Wednesday's trading session at $52.71.