Phunware drops after announcing CEO retirement
** Shares of software developer Phunware PHUN.O fall as much as 13.6% premarket to $12.22 after co says CEO retired after a year in the role
** Austin, Texas-based firm says Michael Snavely retired and resigned from co, and appointed former board chair Stephen Chen as interim CEO, effective Oct 22
** Snavely joined Phunware in Sept 2023 as chief revenue officer, and a month later was named CEO
** Through Weds, PHUN shares have soared >300% this month, getting a boost as Trump Media's DJT.O stock has rallied recently as betting odds favored Republican candidate Donald Trump in his bid to return to the White House
** Phunware was hired by Trump's 2020 presidential re-election campaign to build a phone app
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
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