Biotech Stocks Dominate Monday’s Top 10 Gainers

2. Newsmax Inc. (NYSE:NMAX)

Newsmax Inc. snapped a six-day losing streak on Monday, adding 13.79 percent to end at $26 apiece as investors resorted to bargain-hunting following a steep drop in its share prices.

Since debuting on the stock market two weeks ago, the company’s stock price has already fallen by 88 percent from its highest price of $233.

Last week’s decline, however, was largely influenced by a Delaware Judge’s ruling against NMAX, saying that it published defamatory and false statements versus Dominion Voting Systems of rigging the 2020 election.

The ruling was a partial victory for Dominion in its $1.6 billion defamation lawsuit. A new round of trial is expected to begin on April 28.

In recent news, NMAX announced that its viewership jumped by 50 percent year-on-year to 33.6 million from 22.4 million in the same period last year.

First-quarter ratings this year also saw a healthy 15-percent increase from the fourth quarter of 2024 when 29.3 million viewers tuned in.