Newsmax stock drops 77% due to volatile trading

From Yahoo Finance: 2025-04-02 17:08:00

Newsmax stock took a nosedive, plummeting 77% to $52.71 after a 2,550% rally post-IPO. Its low share float fuels volatility, drawing risk-seeking investors. The conservative news channel’s erratic trading behavior has puzzled experts, resembling meme stock characteristics. Despite financial losses, demand for Newsmax shares surged, mirroring Trump Media & Technology Group’s retail investor sentiment-driven trading frenzy.

Read more: Newsmax stock plunges 77% after blistering post-IPO rally