Phunware shares are trading higher after Ron DeSantis ended his presidential campaign. The company in 2020 announced it was working on the Trump-Pence 2020 reelection campaign's mobile app portfolio.
Portfolio Pulse from Benzinga Newsdesk
Phunware Inc. shares have risen following the announcement that Ron DeSantis has ended his presidential campaign. The company previously worked on the Trump-Pence 2020 reelection campaign's mobile app portfolio.
January 22, 2024 | 4:22 pm
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Phunware Inc. stock has increased due to Ron DeSantis ending his presidential campaign, which may reduce political risk for the company.
The end of DeSantis's campaign may be perceived positively by investors who see a reduction in political risk for Phunware, given its past involvement with political campaigns. This could lead to a short-term increase in stock price as market sentiment improves.
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