Newsmax (NYSE: NMAX) CEO Christopher Ruddy rang the opening bell at the New York Stock Exchange on Thursday to celebrate the company’s IPO earlier this week. With an initial share price of $10, Newsmax raised $75 million with the stock surging dramatically the first day and peaking at $279.99 in after-hours trading on Tuesday. Despite a correction on Wednesday, the stock achieved a remarkable 400% increase in just three days of public trading. While some compared the frantic trading pace to meme stocks, Newsmax rejects those claims, noting its status as a major media enterprise. The company, which launched its cable news channel in 2014, is the fourth-ranked cable news network in the U.S., reaching over 40 million Americans through its platforms.
Gorilla Tech, SMCI, Nvidia, GameStop, and Palantir Tech drew some of the most positive responses from poll participants. Interestingly, retail investors were not so optimistic about Tesla.
Just two days after making its trading debut, conservative media outlet Newsmax (NYSE: NMAX) is already up by a phenomenal 2,200%, making it the latest contender within the MAGAverse to receive such an empathic welcome from Wall Street.
Two dramatically different sectors—conservative media and next-gen telecom—are making headlines as Newsmax (NYSE: NMAX) and Peraso Inc. (NASDAQ: PRSO) capture investor attention with breakout market moves and disruptive strategies.
