So, if you buy back 10,000 shares of stock at 15 per share, you will pay out 150,000 in cash. You will have to determine the number of shares you want to buy back in order to figure the total you will be paying out in cash in exchange for the shares. On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. Repurchase the shares of stock you want to buy back. There’s a lot to be watching as the debut of Truth Social nears, but this morning’s events have made it clear that PHUN stock should be on the list. With that in mind, consider what an actual contract from a Trump company could do for it. It’s risen by over 300% in just a few hours on pure speculation.

Just the speculation of an impending deal has been enough to send these stocks soaring to monumental heights.ĭWAC has cemented its future as a meme stock, but if these trends continue, we may seen PHUN stock fall into the same category. The recent growth that Phunware and Digital World Acquisition have experienced is a good reminder of the power that Trump possess. 5 If the company isn’t available as an investment on our platform, you’ll earn Stock-Back in your choice of reward. For example, if you buy something from Amazon, you’ll earn AMZN Stock-Back as a reward (on us). While it’s hard to assess how much this deal has affected PHUN stock, it clearly has only been for the better so far. Stock-Back is our proprietary rewards program that lets you earn stock when you spend on qualifying purchases with your Stash Stock-Back card. The result: total equity capital increases while the number of outstanding. It recently acquired Lyte, a private company known for producing high-performance computers. When the stock price moves back up, the company can then reissue the same number of shares at the new higher price.

Phunware is growing, and the company is clearly expecting to be busy in the year ahead. While nothing has been confirmed, retail investors are making the logical jump to assume Phunware will play a role in Truth Social. These market patterns prompt one central question: What is causing an enterprise software developer to move in sympathy with a black-check company connected to Trump? As it turns out, there is a connection.īased in Texas, Phunware was one of the key developers of the Trump 2020 campaign app, working with Trump-insider group American Made Media Consultants.

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