If a company managed to bag a significant deal then it almost always results in a boost for its stock and that is what seemed to have happened with the Phunware Inc (NASDAQ: PHUN) stock on Thursday.
The ad servicing and mobile tracking firm saw its stock soar by as big as 19% on Thursday after news emerged with regards to a major new deal. Hence, it is perhaps important to take a closer look at the deal and then decide on a course of action.
The company signed a partnership agreement with Vizzia Technologies, by way of which Phunware will provide its digital front door products for mobile. The main purpose of the partnership is to bring about more efficiency in the operations of healthcare firms. Vizzia has been working in the healthcare space for a decade and a half and this deal takes Phunware products to a new industry. The excitement among investors is understandable and it now remains to be seen if the stock can record further gains today.
Finance and Entertainment Reporter
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