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The stock remained the top trending ticker on retail investor-focused social media stocktwits.com.
From USA TODAY
Newsmax, a conservative media company, became a meme stock after its IPO skyrocketed by 2,190%, bringing its market valuation to over $20 billion.
From Yahoo
The stock had soared 2,230% in its first two days of trading on the NYSE (New York Stock Exchange).
From Business Insider

Read more on News Digest

Newsmax Stock Skyrockets Over 700% Following IPO—Causing Multiple Trading Halts
Newsmax debuted on the New York Stock Exchange on Monday and surged over 700% during its first day of trading, leading to a dozen trading halts following its initial public offering, as its market cap surged to more than $7.
Newsmax IPO sees stock price skyrocket
Analysts attribute the surge in Newsmax’s stock to retail investors, drawing comparisons to the meme-stock phenomenon witnessed with companies like GameStop. The concept of meme
Newsmax stock skyrockets over 60% after NYSE debut, valued at $16.3 billion
Newsmax's shares closed with a more-than-eight-fold gain at $83.51 on Monday, partly buoyed by retail interest.
Will Newsmax's multibillion-dollar stock surge last?
Newsmax, a conservative media company, became a meme stock after its IPO skyrocketed by 2,190%, bringing its market valuation to over $20 billion.
Meet the tiny investment bank behind Newsmax's rip-roaring stock debut
A little-known investment bank called Digital Offering was behind Newsmax's public stock offering. An exec explains how the firm won the deal.
Newsmax Meteoric Run Could Be Over as Stock Tumbles 24% After Hours
However, after the market closed, NMAX stock tumbled 24% and if the losses hold, or accelerate today, it means its meme stock turn could be over already. There was little reason for Newsmax’s ascent other than being caught up in the orbit of President Trump,
Newsmax Stock (NMAX) Crashes over 77% as Post-IPO Surge Fizzles Out
Conservative news network Newsmax (NMAX) crashed 77.5% on Wednesday, cutting short its explosive post-IPO run. The stock had soared 2,230% in
Conservative cable channel Newsmax shares plunge more than 70% after a dizzying 2-day surge
The stock tumbled a whopping 72% Wednesday, following a 2,230% surge in Newsmax’s first two days of trading after debuting on the New York Stock Exchange.
Newsmax stock surges after its IPO
Loyal Newsmax viewers who listened to the channel’s entreaties last year and lined up to buy $10-per-share stakes in the company are feeling pretty rich right about now. Those shares are currently worth more than $130 each.
Newsmax made history in the two sessions following its IPO. Day 3 has been a different story.
Priced at $10 per share, the cable TV company closed its first day of open-market trading at $83.51 and its second at $233, after rising as high as $265. That left the stock NMAX up 2,230% in its first two days of trade on the New York Stock Exchange.
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Newsmax stock plummets nearly 70% after wild post-IPO rally pushed company value north of $20 billion
Newsmax stock dropped roughly 68% Wednesday afternoon, partially reversing a massive post-IPO surge that saw shares soar from $14 to $233. The stock's spiral sent Newsmax's market
Equity Stock Transfer teams up with Newsmax Inc. for historic IPO opening on New York Stock Exchange’s main board
Equity Stock Transfer congratulates Chris Ruddy and Newsmax on this milestone and thanks the team at Digital Offering and Vinyl Equity for their assistance in processing the transfers. Equity Stock Transfer through its relationship with Vinyl Equity helped achieve this success using custom systems software jointly developed to service large private offerings which utilize general solicitation and advertising for investors as allowed under the Jobs Act and Regulation D under the Securities Act of 1933.
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MAGA favorite Newsmax is the hottest new meme stock after a 2,190% post-IPO surge
Retail traders on Stocktwits were buzzing, with some skeptical that the huge gains could continue. Newsmax saw its market cap soar to $20 billion Tuesday.
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