Newsmax shares jumped 24% in premarket trade on Tuesday, reaching $103.95, after the cable news network saw its first-day pop. The stock had surged to $83.51, having started at $10. Newsmax reported a loss of $72 million last year, but revenue climbed 26% to $171 million, driven by a legal settlement with Smartmatic over false election claims.
Source: https://www.marketwatch.com/livecoverage/stock-market-today-dow-s-p-and-nasdaq-eye-lower-open-as-tariff-angst-lingers/card/newsmax-shares-keep-jumping-in-premarket-trade-RShVTwHKJwR8j5A30ip7