Replies to post #991 on Phunware Inc (PHUN)

[candeloro]

There might be still people holding stock they got for exercising their warrants cashless.
If your average cost of the warrant per share was lets say 5 US$ every pop gives you a nice opportunity to sell for a nice profit.
At some point the profit is not big enough and selling stops.

Additionally some traders were stuck with the position they bought on the pop of April 11/12, they might have sold for breakeven/small loss today.