Conservative cable channel Newsmax spikes more than 700% in first trading day on NYSE

The conservative TV news outlet has seen its ratings rise with the election of President Donald Trump and other prominent Republicans — although it still falls behind the dominant Fox News. Newsmax raised $75 million through the sale of 7.5 million class B common shares at a price of $10 a share. The stock closed at $83.51 for the day.

[https://www.cnbc.com/2025/03/31/newsmax-stock-starts-trading-on-nyse.html?utm\_source=convertkit&utm\_medium=email&utm\_campaign=Market%20Bullets:%20Markets%20close%20out%20Q1%20in%20the%20red,%20Trump%20to%20unveil%20more%20tariffs,%20OpenAI%20closes%20$40B%20funding%20round%20-%2017124768](https://www.cnbc.com/2025/03/31/newsmax-stock-starts-trading-on-nyse.html?utm_source=convertkit&utm_medium=email&utm_campaign=Market%20Bullets:%20Markets%20close%20out%20Q1%20in%20the%20red,%20Trump%20to%20unveil%20more%20tariffs,%20OpenAI%20closes%20$40B%20funding%20round%20-%2017124768)