Newsmax And The Curious Case of MAGA Media: Is The 2200% Rally In 2 Days An Anomaly Or A Trend?

Quick Summary:

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.

What Happened: Right-wing cable news channel, Newsmax started trading on the New York Stock Exchange on Monday, listing at a 40% premium to its offer price of $10 a share.

See Also: Newsmax, Waton Financial, Johnson & Johnson, Hims & Hers Health, Tesla: Why These 5 Stocks Are On Investors’ Radars Today

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Vishaal Sanjay

Category: InvestingBusiness

Markets: United States

Topics: Entertainment FOXA RUM DJT IPOs Rumble NMAX New York Stock Exchange Fox Corp Trump Media and Technology Group Newsmax Benzinga US90130A1016 Interactive Brokers Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-02 @ 05:03:08 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 609 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 27531043

View Article Analysis

About Benzinga

Main Topics: InvestingBusiness

Official Website: benzinga.com

Update Frequency: 2 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 18 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #54

Publisher Details

Frequently Asked Questions