Newsmax Stock Skyrockets Over 700% Following IPO—Causing Multiple Trading Halts
1. NMAX surged over 700% on its NYSE debut, reaching $82.25. 2. The company halted trading 12 times due to extreme volatility. 3. NMAX's market cap of $7.3 billion rivals major media companies. 4. Stock volatility echoes trends seen in other right-wing media shares. 5. Recent funding includes $75 million from its IPO and $225 million from private offerings.