Financial losses and legal issues make Newsmax a risky investment.

Newsmax (NYSE: NMAX), the conservative media company that promotes itself as an alternative to Fox (NASDAQ: FOX) News and ...

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.

Newsmax stock surged as much as 2,190% after its IPO debut, reaching $229 per share on Tuesday. The right-wing cable channel's market value exceeded $20 billion. The stock's rise may be due to the ...

Axios / Sara Fischer and Felix Salmon / Apr 1, 2025 “It’s unusual for a standalone cable news network to go public, especially in this environment, as advertising sales for traditional networks face ...