US EditionNMAX, WTF, JNJ, HIMS, TSLA: Top 5 Trending Stocks Today - Hims & Hers Health (NYSE:HIMS), Johnson & Johnson (NYSE:JNJ)
- Newsmax stock began trading in New York this week, and its IPO has been a success.
- Newsmax sought to raise money through an IPO partly due to defamation lawsuits related to the 2020 election.
- Newsmax settled with Smartmatic for $40 million, and associated legal fees totaled $76.9 million, according to SEC filings.
- Shares were initially offered at $10, but the stock closed at $233 on Tuesday afternoon.
- Christopher Ruddy, Newsmax's founder and CEO, saw his wealth increase significantly, becoming a billionaire on paper as the company's market capitalization exceeded $20 billion.
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NMAX, WTF, JNJ, HIMS, TSLA: Top 5 Trending Stocks Today - Hims & Hers Health (NYSE:HIMS), Johnson & Johnson (NYSE:JNJ)
U.S. stocks closed higher on Tuesday, with the Nasdaq Composite climbing 0.9% to 17,449.89. The S&P 500 added nearly 0.4%, finishing at 5,633.07, while the Dow edged down 0.03% to 41,989.96. Market optimism was supported by a 0.7% rise in U.S. construction spending for February. Even so, uncertainty persists as President Donald Trump’s “Liberation Day” moves put pressure on tech stocks. These are the top stocks that gained the attention of retai…
Newsmax Stock Soars After Hot Initial Public Offering
Media company Newsmax is on a major bull run following its initial public offering on March 31. As of early afternoon on April 1, shares of Boca Raton, Florida-based Newsmax Inc. were trading for about $180.75 per share. Trading on the New York Stock Exchange opened on Monday morning at $10 a share. At that price, the company’s market capitalization exceeded $16.1 billion. Founded as a news website in 1998 by Newsmax CEO Christopher Ruddy, the c…
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