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Where Will Newsmax Stock Be in 1 Year?

TheMotleyFool

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Newsmax (NYSE: NMAX) stormed onto the public markets earlier this year, with its stock soaring more than 700% out of the gate. In subsequent sessions, it surged to an intraday peak of $265 a share. Investors believed there was some kind of connection between the media company and President Donald Trump, and that resulted in it trading like a meme stock.

Newsmax runs a 24/7 news channel as well as other media properties, including radio shows, podcasts, and websites. The brand caters to a politically conservative crowd and has historically provided favorable coverage of Trump.

Image source: Getty Images.

Source Fool.com

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