Newsmax (NYSE: NMAX) has been sizzling since completing its initial public offering (IPO) this week. Shares of the conservative news network rocketed over 700% the day it went public, rising from its $10 IPO price to over $80 per share.

Newsmax went public this week, and the low volume of shares available to trade has exacerbated the impact of high demand, sending the stock soaring.

Newsmax debuted on the New York Stock Exchange on Monday and surged over 500% in the first few hours of trading, leading to nearly a dozen trading halts following its initial public offering, as its market cap surged to more than $5.

The stock tumbled a whopping 72% Wednesday, following a 2,230% surge in Newsmax's first two days of trading after debuting on the New York Stock Exchange.

Shares of Newsmax dropped ahead of their third trading day after surging in their debut. The stock was down 23% at $179 in premarket trading. Shares debuted with an initial public offering price of $10 each and soared in their first two days on the market,

Newsmax (NMAX) announced that its Class B common stock has begun trading this morning on the New York Stock Exchange under the symbol “NMAX”.

Conservative cable news channel Newsmax is getting a Trump bump on Wall Street. The Boca Raton, Florida, outlet's stock price surged after its initial public offering Monday. Shares offered at $10 closed at $233 a share Tuesday afternoon,

Investors are glued to Newsmax (NMAX) after shares of the conservative cable TV network rallied an extraordinary 1,00% since their New York Stock Exchange debut on Monday, March 31. The unusual interest in the media outlet’s listing may have been related to its favorable coverage of President Donald Trump and his frequent appearances on Newsmax

Key Takeaways Shares of conservative news channel Newsmax more than doubled in intraday trading Tuesday, putting the stock 2,000% above its IPO price.The stock soared 735% during its first day of trading Monday,