Trump's Support Boosts Newsmax Shares by 1,500% in两天时间
3 April 2025 · Uncategorized ·
The conservative American cable news channel, Newsmax, has seen its stock price surge over 1,500% since going public, riding on the wave of support from former President Donald Trump. As a result, Christopher Ruddy, CEO and longtime friend of Trump, is now worth billions.
According to CNBC reports, Newsmax began trading under ticker 'NMAX.US' at the New York Stock Exchange (NYSE) on March 31 with an IPO price set at $10 per share; it opened that day's trade at $14 before closing at a staggering $83.51, marking a single-day increase of nearly 500%.
On its second trading day, April 1st, Newsmax continued to surge as shares rose another 179%, ending the session at $233 per share—up over 1,644% from its opening price on March 31.
Founded by Ruddy in 1998 under a digital media model before transitioning into cable news broadcasting in 2014 and offering free live streaming services through the Newsmax app and YouTube. Nielsen ratings show that it ranks as America's fourth-largest cable news channel, trailing only Fox News, MSNBC, and CNN.
Ruddy holds all of Newsmax’s Class A common stock along with a significant portion (30.6%) of its B-class shares; at $233 per share on April 1st, his stake in the company is valued over $9 billion.
Trump has frequently praised Newsmax as 'quality media' during his presidency and criticized CNN and The New York Times for ideological bias.
(Translated with authorization from MoneyDJ news. Image source: Newsmax)
According to CNBC reports, Newsmax began trading under ticker 'NMAX.US' at the New York Stock Exchange (NYSE) on March 31 with an IPO price set at $10 per share; it opened that day's trade at $14 before closing at a staggering $83.51, marking a single-day increase of nearly 500%.
On its second trading day, April 1st, Newsmax continued to surge as shares rose another 179%, ending the session at $233 per share—up over 1,644% from its opening price on March 31.
Founded by Ruddy in 1998 under a digital media model before transitioning into cable news broadcasting in 2014 and offering free live streaming services through the Newsmax app and YouTube. Nielsen ratings show that it ranks as America's fourth-largest cable news channel, trailing only Fox News, MSNBC, and CNN.
Ruddy holds all of Newsmax’s Class A common stock along with a significant portion (30.6%) of its B-class shares; at $233 per share on April 1st, his stake in the company is valued over $9 billion.
Trump has frequently praised Newsmax as 'quality media' during his presidency and criticized CNN and The New York Times for ideological bias.
(Translated with authorization from MoneyDJ news. Image source: Newsmax)