Where Will Newsmax Stock Be in 1 Year?

Newsmax (NYSE: NMAX) stormed onto the public markets earlier this year, with its stock soaring more than 700% out of the gate. In subsequent sessions, it surged to an intraday peak of $265 a share. Investors believed there was some kind of connection between the media company and President Donald Trump, and that resulted in it trading like a meme stock.Newsmax runs a 24/7 news channel as well as other media properties, including radio shows, podcasts, and websites. The brand caters to a politically conservative crowd and has historically provided favorable coverage of Trump.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool