According to The Kobeissi Letter, Newsmax ($NMAX), a cable-news media stock, experienced a dramatic increase from $10 to $190 within 24 hours, marking a rise of 1,800%. This surge occurred as the S&P 500 entered a correction phase, and major stocks, known as the Magnificent 7, approached bear market territory. This price movement suggests a significant divergence from broader market trends, possibly driven by unique factors affecting Newsmax directly, although specific catalysts were not disclosed by The Kobeissi Letter.

According to The Kobeissi Letter, Newsmax ($NMAX), a cable-news media stock, surged from $10 to $190 in just 24 hours, marking an astonishing 1,800% increase. This surge coincides with a broader market downturn, as the S&P 500 faces a correction and the 'Magnificent 7' stocks approach bear market territory. Traders should note the unusual divergence in $NMAX's performance compared to the broader market, indicating potential speculative trading or underlying news driving the stock's rapid appreciation.

According to @KobeissiLetter, Newsmax's stock ($NMAX) experienced an unprecedented surge from $10.00 to $97.80 in a single day, marking an increase of over 800%. This dramatic rise in stock price is likely attributed to significant trading volume and increased investor interest, possibly driven by strategic announcements or market speculation, although specific catalysts were not detailed in the tweet.

According to The Kobeissi Letter, Newsmax's stock, trading under the ticker $NMAX, experienced a remarkable increase of over 800% in one day, rising from $10.00 to $97.80. This significant surge may be attributed to an unspecified catalyst that caused heightened investor interest and trading activity. The Kobeissi Letter did not specify the exact reason for this dramatic price movement, but the market's reaction suggests a possible major announcement or development related to the company. Traders are advised to exercise caution and conduct further research to understand the underlying factors driving this volatility.