Phunware Rises 20%+ Wednesday and 400%+ Over Past Month as 'Trump Trade' Rolls On

PHUN jumped as much as 23.7% to a $14.40 session high in early Wednesday trading, adding to gains that have seen it soar 405.3% top to bottom since the stock hit a $2.85 near-term low on Sept. 23.

DJT likewise added as much as 10.5% Wednesday to a $34.58 intraday high, while RUM rose to as high as $6.38, up 9.1% on the session.

The three stocks have been on a tear over the past month as former President Trump's re-election chances appear to be rising, with Wall Street apparently expecting the companies to do well if the Republican wins next month's election.

RealClearPolitics.com showed Trump leading Vice President Kamala Harris – his Democratic rival – by 1.1% as of Wednesday in the seven so-called "battleground states" that will likely decide the election. By contrast, Harris had been ahead of Trump by 0.1% as recently as Sept. 21.

Trump's improved polling has not only helped Phunware rise 400%+ since Sept. 23, but has also seen DJT gain 185.3% top to bottom during that period, while Rumble has added 26.8%.