Stock-Split Watch: Is Newsmax (NMAX) Next?
Conservative media company Newsmax (NYSE: NMAX) has taken investors on a wild ride in its first few months on the stock market. Shares were priced at $10 for the company's initial public offering (IPO) on March 31, 2025, but rocketed as high as $265 a day later. Most of those gains have since been wiped out, as the stock trades at about $14 at the time of this writing on July 21.
Dramatic gains or losses are sometimes a precursor to a stock split. Let's examine why companies split their stocks and see if that's a move to expect from Newsmax anytime soon.
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Source Fool.com
