Newsmax's stock took flight immediately following its IPO, soaring as much as 2,230% by Tuesday. Yesterday, however, shares of Newsmax plummeted 77%.

Investors are glued to Newsmax (NMAX) after shares of the conservative cable TV network rallied an extraordinary 1,00% since their New York Stock Exchange debut on Monday, March 31. The unusual interest in the media outlet’s listing may have been related to its favorable coverage of President Donald Trump and his frequent appearances on Newsmax

The rise follows conservative media company Newsmax's Monday public debut, which was the best-performing first day since 2022.

Conservative cable news channel Newsmax is getting a Trump bump on Wall Street. The Boca Raton, Florida, outlet's stock price surged after its initial public offering Monday. Shares offered at $10 closed at $233 a share Tuesday afternoon,

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Newsmax isn't profitable and is burning through cash. The company trades at a sky-high valuation. A surge of new shares is coming. If you're like most investors, you want a piece of that price action.

Conservative news network Newsmax (NMAX) crashed 77.5% on Wednesday, cutting short its explosive post-IPO run. The stock had soared 2,230% in

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.

Shares of Newsmax dropped ahead of their third trading day after surging in their debut. The stock was down 23% at $179 in premarket trading. Shares debuted with an initial public offering price of $10 each and soared in their first two days on the market,