Shares of Phunware, Inc. (PHUN) are surging more than 126 percent on Tuesday morning trade following news of Donald Trump's winning a major victory in the Iowa Republican caucuses.
Stocks linked to Trump are up today including Digital World Acquisition which is set to combine with Trump's social media company Trump Media & Technology Group. Phunware also was involved in Trump's election campaign in 2020.
Currently, shares are at $0.177, up 133.80 percent from the previous close of $0.75 on a volume of 306,197,888.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.