US Stock Market Move | Newsmax Inc. (NMAX.US) stock price soared on its first day of trading, triggering a trading halt during the session.

31/03/2025

GMT Eight

On Monday, media company Newsmax Inc. (NMAX.US) saw its stock price surge by more than 400% on the first day of its U.S. IPO, as the stock price fluctuated significantly. The stock was briefly halted after triggering a circuit breaker, and is currently trading at $50.08. The IPO price was $10. Newsmax Inc. is a conservative cable news channel and digital media company founded by Christopher Ruddy in 1998. The company originally launched as a digital brand and entered the cable news market in 2014. As of 2024, Newsmax reaches over 40 million American viewers through TV, streaming, online, and print platforms.

US Stock Market Move | Qudian, Inc. Sponsored ADR Class A (QD.US) rose 3%, with total revenue in 2024 increasing by 71.3% year-on-year.

US Stock Market Move | Quantasing Group Ltd. ADR (QSG.US) rose nearly 18%, successfully acquiring Letsvan and deepening its layout in the trendy toy industry.

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US Stock Market Move | Newsmax Inc. (NMAX.US) stock price soared on its first day of trading, triggering a trading halt during the session.

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