Phunware, Inc. PHUN witnessed a remarkable surge in its stock prices on Tuesday against the backdrop of significant volatility in Trump-related stocks linked to the New Hampshire primary.
Significant Event: The stock soared by more than 30% on the market as the likelihood of Donald Trump winning the Republican presidential primary in New Hampshire gained traction on Tuesday.
Phunware shares, alongside other stocks associated with Trump, including Digital World Acquisition Corp. DWAC and Rumble Inc. RUM, have displayed pronounced volatility owing to the former President’s growing prospects in the 2024 election.
Trump-related stocks have experienced a recent rally following Trump’s victory in the Iowa caucus and the endorsements from Vivek Ramaswamy and Ron Desantis.
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PHUN Price Action: Phunware’s shares surged by 19.9% to close at $0.42, according to the latest data from Benzinga Pro.
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