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Thinking About Buying Newsmax Stock? Read This First.
Investors in Newsmax (NYSE: NMAX) have quickly learned why initial public offerings (IPOs) are notoriously risky, often experiencing dramatic swings in share price in the first few months of trading.The conservative-leaning media outlet went public on March 31 at an IPO price of $10 per share, skyrocketing 2,550% to a high of $265 by the next day. Those gains proved short-lived as the stock has since crashed to under $15 and is down more than 90% from its recent highs as of this writing. Yet, despite the extreme volatility, Newsmax is generating solid business growth, with a promising long-term outlook.Does the recent sell-off make the stock a compelling buy-the-dip opportunity? Here's what you need to know before rushing out to buy shares of Newsmax.Continue reading
Investors in Newsmax (NYSE: NMAX) have quickly learned why initial public offerings (IPOs) are notoriously risky, often experiencing dramatic swings in share price in the first few months of trading.
The conservative-leaning media outlet went public on March 31 at an IPO price of $10 per share, skyrocketing 2,550% to a high of $265 by the next day. Those gains proved short-lived as the stock has since crashed to under $15 and is down more than 90% from its recent highs as of this writing. Yet, despite the extreme volatility, Newsmax is generating solid business growth, with a promising long-term outlook.
Does the recent sell-off make the stock a compelling buy-the-dip opportunity? Here's what you need to know before rushing out to buy shares of Newsmax.
