Phunware Soars on Rumor it Will be Working With Trump

Phunware Soars on Rumor it Will be Working With Trump

By Dhirendra Tripathi

Investing.com – Phunware stock (NASDAQ:PHUN) was defying all conventions Friday as it rose 1,468% on speculation that the company is being tapped to build former U.S. President Donald Trump’s proposed social media platform.

Trading in the stock was halted later. It jumped 1,000% after it resumed.

The stock touched a high of $24.04 during the session. It had closed at $1.53 Thursday.

More than 197 million shares of the company changed hands on Nasdaq in less than an hour…


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