Newsmax ( NMAX -8.46%) stock posted big gains in this shortened week of trading. At the closing bell this past Thursday, the company's share price was up 11.6% from the previous week's market close.

Newsmax Inc. shares have surged 17x since its recent IPO, driven by a limited float and meme stock dynamics, not fundamentals. NMAX's $22 billion market cap is unjustifiable compared to Fox Corp ...

Shares of the conservative network surged over 2,200% after its public debut, despite heavy losses, sparking comparisons to 2021’s retail trading mania and raising eyebrows across Wall Street.

but the gains appear to be primarily driven by meme-stock momentum. Newsmax plummeted in last week's trading as investors sold the stock, apparently to take profits in reaction to news that ...

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 ...

“Whether or not that persists, who knows, but it has all the hallmarks of a meme stock. There needs to be some sort of passion to enable investors overlooking fundamentals, and Newsmax fits that ...

Interestingly, Newsmax's IPO was sold to 30,000 retail investors, who effectively turned the company into a meme stock. Newsmax's coverage has been very loyal to President Donald Trump.

It took less than a day for Newsmax to become an apparent meme stock. The conservative media company made its debut on the New York Stock Exchange on Monday, and within hours of its initial public ...

Newsmax suddenly has a lot of capital to expand. But the market’s overexuberance has some media outlets calling it a “meme stock.” The stock closed Monday at $83.51 and nearly tripled in ...

After massive sell-offs last week, Newsmax stock is regaining ground. This week's gains appear to be the result of more meme-stock trading. Newsmax is recording strong ratings growth, but the ...