$9.2 billion. That’s the estimated value of Newsmax CEO Christopher Ruddy’s 31% stake in the company as of Tuesday’s closing ...

Ruddy retains more than 80% of voting power following the IPO due to the dual-class share structure. The post Newsmax Stock Surge Continues on Day 2 After IPO, Up Another 50% appeared first on ...

Newsmax (NMAX) stock dropped just over 77% Wednesday, forfeiting a large chunk of its massive post-IPO surge that saw shares soar from $14 to $233. The stock's spiral sent Newsmax's market cap down to ...

Supply and demand are big factors driving the epic surge in Newsmax's stock price. The company only sold 7.5 million shares via its IPO. Demand from investors has far exceeded the number of ...

Shares of the conservative cable news channel Newsmax have skyrocketed more than 2,000 percent in the two days since it began trading in New York, pushing the firm's market value above $26 billion.

The surge represents one of the largest IPO rallies in U.S. history since VA Linux’s debut on the Nasdaq in 1999, when its shares rose from an initial price of $30 to $239.25. Newsmax’s IPO ...

Newsmax (NYSE: NMAX) stock has been on a roller-coaster ride since its initial public offering (IPO) on April 1. After ...

Newsmax's stock took flight immediately following its IPO, soaring as much as 2,230% by Tuesday. The limited number of shares sold, roughly 7.5 million, contributed to the surge. At that point ...

That surge also pushed Newsmax’s valuation to $11.2 billion ... for $14 per share on Monday morning — above its $10 IPO price — and quickly ran from there. The outlet’s stock was ...