Phunware, Inc. PHUN shares traded higher on Tuesday amid volatility in Trump-related stocks due to the New Hampshire primary.
What Prompted the Rally?The stock surged over 30%, fueled by the likely success of Donald Trump in the Republican primary in New Hampshire.
Shares of Phunware, along with other Trump-associated stocks such as Digital World Acquisition Corp. DWAC and Rumble Inc. RUM, have been experiencing significant volatility amid the former President’s increasing prospects in the 2024 election.
In a recent rally, Trump-related stocks have surged following his success in the Iowa caucus as well as due to endorsements from figures like Vivek Ramaswamy and Ron Desantis.
PHUN Price Action: Phunware stocks closed at $0.42, up 19.9% by the end of the trading day according to Benzinga Pro.
Image by Elchinator from Pixabay
