welcome
CNBC

CNBC

US Politics

US Politics

Conservative news channel Newsmax spikes more than 500% in first trading day on NYSE

CNBC
Summary
Nutrition label

75% Informative

Newsmax raised $75 million through the sale of 7.5 million class B common shares at a price of $ 10 a share.

The network began trading under the symbol " NMAX " late Monday morning , opening at $ 14 a share after pricing at $ 10 .

It soared more than 500% by midday in volatile trading.

The company's CEO says Newsmax is the "number four cable news channel in the United States ".

VR Score

77

Informative language

77

Neutral language

14

Article tone

formal

Language

English

Language complexity

43

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links

Small business owner?

Otherweb launches Autoblogger—a revolutionary way to bring more leads to any small business, using the power of AI.