Why Newsmax Stock Is Surging Today [Yahoo! Finance]
Netflix, Inc. (NFLX)
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Source: Yahoo! Finance
ET and had been up as much as 19.1% earlier in the day. After rising roughly 14% in Monday's trading, Newsmax stock is continuing to move higher in today's session. The stock is seeing some significant recovery after big sell-offs last week, but the gains appear to be primarily driven by meme-stock momentum. Newsmax plummeted in last week's trading as investors sold the stock, apparently to take profits in reaction to news that Dominion Voting Systems' defamation case against the company is heading to a jury trial. The meme stock is now seeing some rebound momentum. Newsmax had its initial public offering ( IPO ) on March 31 and has been incredibly volatile across its relatively short history as a publicly traded company. Across its first couple days of trading, the company's share price rose more than 2,200% over the $10 per-share IPO price some investors were able to get. Even after some big pullbacks, the stock is still up roughly 180% from its listing price. While there has
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