Phunware is a company that has largely posted losses. According to the Wall Street Journal, the company lost almost $26 million in 2017 and another $3 million during the first half of 2018. Nonetheless, the last couple of months have seen wild trading for PHUN. PHUN Hits $550 A Share – With Most Outstanding Shares “Restricted” PHUN rose from a long-running average of $10 per share at the end of December to a blip 52-week of $550 by the middle of January. The problem? Only 144,000 shares were actually trading. NASDAQ requires a minimum of 1 million publicly available shares,
The post This Stock Exploited a NASDAQ Loophole to Gain a Staggering 3,000%(+) in Under 7 Days appeared first on CCN
* First published on ccn.com
