Why Trump-Linked Phunware Shares Are Rising Today

Phunware, Inc. PHUN shares are trading higher on Wednesday after the company disclosed the renewal or extension of several healthcare and hospitality customer contracts. 

These renewals underscore the value customers are receiving from Phunware’s mobile solutions to enhance the visitor experience for hospital patients and hotel guests.

The Phunware-powered hospitality app generates six figures plus annual ancillary guest revenue for a typical customer, the company said in a press release.

“Hospitality and healthcare providers need technology that grows with them as they integrate the full visitor journey into a mobile platform,” said Mike Snavely, CEO of Phunware. 

For hospitality, Phunware’s technology streamlines the guest experience from booking dining reservations to resort experiences directly through the app. 

“These renewals show the significance of our exceptional mobile experiences and how they generate an investable ROI for our customers,” Snavely added.

Phunware has ties to Donald Trump dating back to 2020 when the company announced that it was working on the development, launch and ongoing management of the Trump-Pence 2020 Reelection Campaign’s mobile application portfolio.

According to Benzinga Pro, PHUN stock has lost over 79% in the past year. 

Price Action: PHUN shares are trading higher by 1.95% to $6.28 at last check Wednesday.