Shares of conservative news channel Newsmax soared 180% on Tuesday, just 24 hours after debuting on the New York Stock Exchange.
On Monday, Newsmax stock opened at $14 per share, and on Tuesday, it closed at $233 a share.
Because of its success on Wall Street, Newsmax’s market cap is nearly $30 billion, which is more than Warner Bros. and Fox Corp.
Newsmax is now over $200 😅 pic.twitter.com/NZTAiP2Gqe
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Here’s what CNBC reported:
Shares of conservative cable channel Newsmax
soared nearly 180% Tuesday, a day after the stock’s dizzying debut on the New York Stock Exchange.
Newsmax shares have risen more than 1,500% since its Monday debut, when it opened at $14 per share. It closed at $233 per
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