Newsmax has a history of producing losses, however. Last year, the company lost $72.2 million compared to losses of $30.4 million and $41.8 million in 2022 and 2023, respectively.

Newsmax (NYSE: NMAX), the conservative media company that promotes itself as an alternative to Fox (NASDAQ: FOX) News and ...

The buying action is helping to push Newsmax's valuation higher. Even with today's rally, the stock is down roughly 32% over the last month and 93.5% from its lifetime high.

Since then, Newsmax has gradually declined, closing at $18.09 a share on June 4, though that's still up more than 80% from its IPO price. However, Newsmax shareholders did get some good news recently.

Newsmax saw its stock skyrocket nearly 1,800% in the first two days following its recent initial public offering (IPO), before falling roughly 90% over the next week. The conservative media ...

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Shares of Newsmax (NMAX) fell as much as 11% in heavy volume trading by midday on Tuesday. The stock is currently down more than 9%. The conservative news network is set to wipe off its gains from ...