Could Investing $10,000 in Newsmax Stock Make You a Millionaire?
In one of the most dramatic initial public offerings (IPOs) in memory, media company Newsmax (NYSE: NMAX) saw its stock skyrocket nearly 1,800% in the first two days of trading. The shares began trading on March 31 at $14 before rising as high as $265 the next day. While the euphoria has faded and the stock has come back to earth, it's still trading for substantially more than the IPO price.Given this crazy run, is the stock capable of doing something like that again? Could investing in it make you a millionaire?Newsmax is a conservative news and opinion media company that operates a cable TV channel, a website, print publications, and several other ventures, like a supplement and nutraceutical business. While the company has been around for decades, it's grown dramatically in popularity during the past few years, becoming a national name as an alternative to Fox News.Continue reading
In one of the most dramatic initial public offerings (IPOs) in memory, media company Newsmax (NYSE: NMAX) saw its stock skyrocket nearly 1,800% in the first two days of trading. The shares began trading on March 31 at $14 before rising as high as $265 the next day. While the euphoria has faded and the stock has come back to earth, it's still trading for substantially more than the IPO price.
Given this crazy run, is the stock capable of doing something like that again? Could investing in it make you a millionaire?
Newsmax is a conservative news and opinion media company that operates a cable TV channel, a website, print publications, and several other ventures, like a supplement and nutraceutical business. While the company has been around for decades, it's grown dramatically in popularity during the past few years, becoming a national name as an alternative to Fox News.
