US EditionAfter Spiking by 2,600% or Whatever, Newsmax Stock Plunges 80%, Straight into our Imploded Stocks, All in 3 Days
- Newsmax shares plummeted nearly 80 percent on Wednesday after its recent public debut.
- The initial public offering on the NYSE briefly boosted Newsmax's market value.
- Trading was volatile, with the share price surging 2000 percent in two days.
- Experts warned about the surge, calling Newsmax a "meme stock" due to its financials.
- The stock's rapid rise and fall positions it among other short-lived IPO successes.
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Newsmax, the Trump-friendly TV station that soared over 2,000% after IPO
Newsmax, the cable TV network that repeated Donald Trump’s 2020 election fraud claims, went public on Monday and soared more than 2,000% in just two sessions. At its debut, the stock was priced at $10 per share, before climbing to a high of $265 on Tuesday. However, it corrected sharply in Wednesday’s session, closing at $49 per share. The stock — which the U.S. media is already calling a “meme stock,” meaning a speculative frenzy-driven asset —…
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Total News Sources7
Leaning Left3Leaning Right0Center2Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 40%
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