A stock split is a tool public companies have available that allows them to cosmetically alter their share price and outstanding share count by the same factor. The "cosmetic" aspect of these adjustments means a company's market cap and underlying operating performance aren't impacted by a split.

Shares of the media company were recently off some 40% to $140, plummeting to start their third day of trading. Newsmax ( NMAX) went public Monday —its IPO price was $10, and it opened at $14—to kick off a dramatic upward run. The stock finished yesterday at $233 after slipping from intraday highs of $265.

In September 2024, Newsmax filed for its IPO with the SEC identifying early 2025 as the company’s window for pricing. On Friday, Newsmax raised $75 million with the IPO with the offering price of $10 per for a float of 7.5 million shares.

Josh Lipton outlines some of the top trending tickers on Yahoo Finance's platform, joined by Citi Wealth chief investment strategist and chief economist Steven Wieting and Investopedia editor in chief Caleb Silver.

Conservative new channel Newsmax's stock surged again on Tuesday after skyrocketing Monday in its first day of trading.

The S&P 500 and the Nasdaq Composite both closed higher on Tuesday, after a topsy-turvy day on Wall Street dominated by investor angst ahead of the impending tariff announcements from the Trump administration.