Newsmax Is Skyrocketing Today -- Is the Stock a Buy Right Now?

Newsmax (NYSE: NMAX) stock is posting big gains in Monday's trading. The media company's share price was up 13.5% as of 12:40 p.m. ET. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) was up 0.2% at the same point in the daily session.Newsmax is rocketing higher today following the company's inclusion in the Russell 2000 index. As a result of the stock's inclusion, exchange-traded funds (ETFs) and other financial instruments that track the index are now buying shares in order to reflect the new composition.The buying action is helping to push Newsmax's valuation higher. Even with today's rally, the stock is down roughly 32% over the last month and 93.5% from its lifetime high.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool