Newsmax listing turns media boss and Donald Trump ally Chris Ruddy into billionaire

Newsmax CEO Rings NYSE Opening Bell

Ruddy told “The Record With Greta Van Susteren” on Tuesday that he is not paying as much attention on the stock price as he is on efforts of building the company.

Newsmax, the cable television network that repeated in 2020, among others, Donald Trump’s electoral fraud bulls, went to the Stock Exchange on Monday and fired more than 2,000 percent in two sessions. In its debut, the price per share was set at $10 and on Tuesday it reached a maximum of $265. But it has corrected at this Wednesday’s session, leaving each title at $49. The value—which already American media refer to as stock meme, that is, pure …

Cable Network Newsmax Soars Into Meme Stock Territory As Right-Wingers Scramble To Scam Their Peers - Above the Law

If you are not familiar with Newsmax, the gist is that it is a cable television network for people who think Fox News is too liberal. On Monday, Newsmax had its initial public offering. Because we live in hell, the share price soared by more than 1,500% in its first two days of trading. From its opening at $14 per share, by market close on Tuesday intrepid investors were shelling out $233 for a single share of Newsmax stock. This brought Newsmax…

What's behind the enormous pop in shares of media meme stock Newsmax

Bob Pisani breaks down what's really going on with the new meme stock.

Meme stock moment: Newsmax worth more than Fox after 2230pc surge

The spike has made the company’s largest holders exceptionally rich — on paper. Founder Christopher Ruddy owns nearly one-third of the company’s shares.

Banker Elenowitz to Newsmax: ‘Never Seen Anything Like’ Newsmax’s NYSE Debut

The investment banker who handled Newsmax’s IPO and listing said Tuesday he has “never seen anything like” Newsmax’s debut on the New York Stock Exchange, describing the news organization’s first day as a publicly traded company as simply exhilarating. Mark Elenowitz, managing director of Digital Offering LLC said the NYSE listing Monday “really shows the power and the commitment of all the viewers that have supported Newsmax to date.” Elenowitz…