A destination for political conservatives, the Boca Raton, Fla.-based news operation surges after its initial public offering.

Newsmax appears to have taken over the mantle of top MAGA meme trade from Trump Media & Technology Group.The cable TV and social media company, which describes itself as “an independent news network with a conservative perspective,

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 broadcasts.

Newsmax made a wild debut in the stock market. Shares of the media company surged 735% to $83.51 a share. Trading was halted multiple times during the session due to volatility. Newsmax, trading under the symbol NMAX,

Newsmax, the cable news network which saw a huge pop in its debut day on the New York Stock Exchange, continued to advance in premarket trades on Tuesday. Newsmax shares jumped 24% to $103.95, having surged to $83.

Equity Stock Transfer congratulates Chris Ruddy and Newsmax on this milestone and thanks the team at Digital Offering and Vinyl Equity for their assistance in processing the transfers. Equity Stock Transfer through its relationship with Vinyl Equity helped achieve this success using custom systems software jointly developed to service large private offerings which utilize general solicitation and advertising for investors as allowed under the Jobs Act and Regulation D under the Securities Act of 1933.