Newsmax (NMAX -8.46%) saw its stock rise 11.6% in a shortened trading week, recovering from a significant 49% drop the previous week linked to meme-stock volatility and a legal ruling regarding defamatory statements about Dominion Voting Systems. Despite the S&P 500’s 1.5% decline, Newsmax’s stock surged due to rebound trading, and the company reported a 26% annual revenue increase last year, with Nielsen data showing substantial viewership growth. However, uncertainty remains about whether this viewership will lead to increased advertising revenue, as the company recorded a $72 million loss last year.
