From StockTwits: 2025-04-01 23:00:00

Shares of Newsmax, Inc. (NMAX) surged 2,230% from its $10 IPO price, closing at $233 on Tuesday. Despite retail investors being bearish, the stock gained 179% on day two. CEO Christopher Ruddy’s stake in the company is now valued at $9.1 billion. Newsmax, known for its conservative leanings, raised $75 million in its IPO. Interactive Brokers Group Inc. founder holds the second-largest stake worth $5.4 billion. Users on Stocktwits are divided on the stock’s future, with some expecting further gains and others predicting a decline. The stock ended Tuesday at $233, up from $83.51 the previous day.



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