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Newsmax's stock skyrocketed then plummeted in its first three days, yet it remains a top U.S. cable news channel.
Newsmax's stock surged over 1,564% in its first two days on the New York Stock Exchange but plummeted by 77% on the third day.
CEO Christopher Ruddy emphasized focusing on growing the news operation rather than the stock price, attributing the initial surge to public trust and appreciation for Newsmax content.
Despite the volatile stock performance, Newsmax has grown to become the fourth highest-rated cable news channel in the U.S.
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El stock de Newsmax se disparó y luego cayó en picado en sus primeros tres días, sin embargo, sigue siendo un canal de noticias de cable de los EE.UU.