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Dealbreaker on MSNCable Network Newsmax Soars Into Meme Stock Territory As Right-Wingers Scramble To Scam Their PeersIf you are not familiar with Newsmax, the gist is that it is a cable television network for people who think Fox News is too ...
Newsmax's stock surge sent its market capitalization to nearly $30 billion — meaning the company is now more valuable than ...
but the gains appear to be primarily driven by meme-stock momentum. Newsmax plummeted in last week's trading as investors sold the stock, apparently to take profits in reaction to news that ...
“Whether or not that persists, who knows, but it has all the hallmarks of a meme stock. There needs to be some sort of passion to enable investors overlooking fundamentals, and Newsmax fits that ...
Shares of the conservative media outlet Newsmax ( NMAX -77.37%) had sunk by nearly 50% as of 1:25 p.m. ET today. There was no obvious reason behind the move but the stock has traded like a meme stock ...
Newsmax stock dropped 24% early Wednesday after a blistering 2,550% post-IPO rally. The stock's volatility mirrors meme-stock trends driven by retail investor interest. Newsmax's low share float ...
It took less than a day for Newsmax to become an apparent meme stock. The conservative media company made its debut on the New York Stock Exchange on Monday, and within hours of its initial public ...
Newsmax suddenly has a lot of capital to expand. But the market’s overexuberance has some media outlets calling it a “meme stock.” The stock closed Monday at $83.51 and nearly tripled in ...
Newsmax's explosive post-IPO gains were powered by meme stock trading, but that momentum is now fading. Newsmax stock saw another big valuation pullback today despite a seemingly positive ...
Shares of the conservative media outlet Newsmax (NYSE: NMAX) had sunk by nearly 50% as of 1:25 p.m. ET today. There was no obvious reason behind the move but the stock has traded like a meme stock ...
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