Newsmax Surges to 22nd in Trading Volume with 19.50 Billion Shares Exchanged

On April 1, 2025, Newsmax (NMAX) experienced a remarkable surge, with its trading volume reaching 19.50 billion, marking a 473% increase from the previous day. This significant rise placed Newsmax at the 22nd position in terms of trading volume for the day. The stock price of Newsmax soared by 179.01%.

Newsmax's stock has seen an unprecedented rise since its initial public offering (IPO). The conservative news channel's shares nearly tripled on Tuesday, closing at $232, which is more than 2,200% above its IPO price of $10. This performance is the best first-day debut for a U.S. IPO since 2022, surpassing even the initial surge of Addentax Group, which saw a 13,000% increase on its first day but later plummeted.

Newsmax's success stands in stark contrast to the recent trends in the IPO market, which have been largely disappointing. Companies like CoreWeave, backed by Nvidia, have struggled to gain traction since their debuts. Despite the challenging market conditions, Newsmax's performance has been a bright spot, with its market value exceeding $29 billion, making it larger than nearly two-fifths of the S&P 500 companies.

Investors have been closely watching Newsmax's performance, with individual investors playing a significant role in its debut session. The company's market capitalization has breached $20 billion, further cementing its status as a standout performer in the current market environment. Despite booking a net loss of $72 million on $171 million in revenue in 2024, Newsmax's stock continues to attract attention and investment.