Newsmax, Inc. Class B Common Stock (NMAX)

The Trump-friendly media company is still a wildly volatile meme stock.

Shares of Newsmax Inc. (NYSE: NMAX) are trading lower Friday following the company's announcement that it has filed with the SEC for the potential resale of up to 121 million shares of its Class B common stock.

Strong retail activity for these stocks have come despite any major news catalysts, underlining their status as retail favorites.

Newsmax saw its shares rise on Friday after the conservative news organization inked a multi-year deal to launch its cable channel on Hulu + Live TV.

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Newsmax has been the hottest IPO of the year, but is it a stock worth investing in long-term?