Phunware, Inc. PHUN shares surged by over 30% on Tuesday amidst volatility in Trump-related stocks due to the New Hampshire primary.
Trump-related Rally: The stock surged higher as it appears likely that Donald Trump will win the Republican presidential primary in New Hampshire on Tuesday. This surge is part of a broader rally in Trump-related stocks following the former President’s victory in the Iowa caucus and the endorsement by influential figures such as Vivek Ramaswamy and Ron Desantis.
Shares of Phunware, as well as other stocks associated with Trump, including Digital World Acquisition Corp. DWAC and Rumble Inc. RUM, have experienced heightened volatility recently amidst Trump’s growing chances in the 2024 election.
The upheaval in these Trump-related stocks underscores the broader impact of political events on the financial markets, with investors closely monitoring political developments for potential investment opportunities.
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PHUN Price Action: Shares of Phunware closed up 19.9% at $0.42 at the end of the trading day, according to Benzinga Pro.
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