Is Newsmax Stock a Buy Now?
The Motley Foolยท2025-08-10 13:05
The recent IPO has pulled back since an initial surge.In a relatively quiet year for IPOs, Newsmax (NMAX -0.67%), the conservative media network, has gotten a lot of attention.Newsmax stock initially soared out of the gate, jumping to $265 a share on April 1, the day after its IPO. It surged because of a limited float in the offering, and a perception that the stock would benefit from the Trump administration, as its politics and media coverage are aligned with President Donald Trump.Since then, the stock h ...