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Is Newsmax Stock a Buy Now?

TheMotleyFool

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In a relatively quiet year for IPOs, Newsmax (NYSE: NMAX), the conservative media network, has gotten a lot of attention.

Newsmax stock initially soared out of the gate, jumping to $265 a share on April 1, the day after its IPO. It surged because of a limited float in the offering, and a perception that the stock would benefit from the Trump administration, as its politics and media coverage are aligned with President Donald Trump.

Since then, the stock has gradually faded, and it now trades just above $12 a share, hovering near its all-time low.

Source Fool.com

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