QualityStocksNewsBreaks – Newsmax Inc. (NYSE: NMAX) CEO Rings Opening Bell After Stunning Debut as Public Company
Newsmax (NYSE: NMAX) CEO Christopher Ruddy rang the opening bell at the New York Stock Exchange on Thursday to celebrate the company’s IPO earlier this week. With an initial share price of $10, Newsmax raised $75 million with the stock surging dramatically the first day and peaking at $279.99 in after-hours trading on Tuesday. Despite a correction on Wednesday, the stock achieved a remarkable 400% increase in just three days of public trading. While some compared the frantic trading pace to meme stocks, Newsmax rejects those claims, noting its status as a major media enterprise. The company, which launched its cable…
