Newsmax (NMAX -15.72%) stock is getting hit with huge sell-offs in Monday's trading. The media company's share price was down 16.5% as of 3:30 p.m.
Newsmax (NMAX -14.82%) stock has been on a roller-coaster ride since its initial public offering (IPO) on April 1. After starting with an IPO price of just $10 per share, it quickly rocketed above $250 -- after opening on April 1 at $126 -- before falling back to $29 at the time of this writing.
Like any news-focused media company, Newsmax (NMAX 14.31%) centers its business on bad news. While many people say they prefer good news, bad news attracts viewers.
Newsmax (NMAX -11.02%) stock got hit with another round of big sell-offs Friday. The media company's share price closed out today's trading down 10% despite the S&P 500 gaining 1.8% and the Nasdaq Composite climbing 2% in the daily session.
Shares of Newsmax (NMAX -7.05%) are falling this week. As of 1 p.m.
Newsmax (NMAX -27.11%) got hit with another day of steep sell-offs Thursday amid macroeconomic turbulence and an unfavorable court ruling. The company's share price ended the daily session down 26.8%.
A jury must still decide on other claims from Newsmax's 2020 election coverage, and determine damages
The overall stock market has been turbulent this year. However, that volatility pales in comparison to the roller-coaster ride Newsmax (NMAX -18.29%) has given investors.
Newsmax Inc.'s NYSE: NMAX opening week on the New York Stock Exchange delivered a masterclass in market volatility, leaving investors breathless and analysts scrambling for comparisons. The conservative media company's shares experienced a turbulent debut.