How to Buy Phunware (PHUN) Stock

Committing to a brokerage is a personal decision, and preference is all relative. But to help you narrow your choices, here are our recommended considerations as you weigh your options:

- Do you want more comprehensive analysis tools and research available or are you ready to dig into the details on your own?
- Is it important to have commission-free trading or are you willing to spend for full service?
- Are third-party integrations available? How about personal investment advice? Look beyond the ability to buy and sell and understand what a brokerage can deliver over the long term. 
- Is the site optimized for mobile? Is the app user-friendly? Take a glance at the ease-of-use and find a platform that jives with your thought process.
- Is customer service on call 24/7? Many brokerages offer phone and live chat support at all times. Don’t settle for less than you need. 

Remember, when you make your choice, be sure it is best for your needs. A sleek app may be best for someone else, but a low-cost option could be what you prefer. Compare brokerage offerings with your starting point to find your fit. 

Signing on with a broker is just as quick as any online transaction. Be ready with your personal info like Social Security number and other information the platform might require. This often depends on the investments you want to pursue. 

Once your account is established, you can transfer funds electronically, by wire or an asset transfer. With money in the account, you’re ready to buy Phunware stock.

How many shares you buy should always directly correlate with what you are willing to lose. Do not invest more than you can say goodbye to. 

Before you decide how many shares, decide the total amount you are ready to invest. You can figure out how many shares you can afford with simple math — divide your total investment by the price of a share. 

Your order type serves as directions to your broker. It tells the broker when to execute your order, the price you want to pay and more. 
The order type ensures clear communication and keeps control in your hands. Learn our quick rundown of the most common order types.

Bid
The bid price refers to the highest price that a buyer is willing to pay for a single share of any stock. But the bid price isn’t actually an order type. 
A buy can happen when the seller finds the bid agreeable or the buyer adjusts the bid to match the ask price of the stock. 

Ask
The ask price (often referred to as just “ask”) is the lowest amount of money a seller is willing to sell shares. 
If PHUN is priced at $3, you can set your ask price for $4. As soon as PHUN reaches $4, your order will be executed.

Spread
The spread is the difference between the bid and ask price. If the bid price for PHUN is $3, and the ask price is $4, the spread is $1.

Spreads get tighter when a stock has many buyers and sellers, and spreads grow when stocks have low liquidity and fewer buyers and sellers. 

Limit Order
A limit order is an order to buy or sell a stock at a specific price or more. If you set your limit order for PHUN at $3, a buy limit order will only execute at $3 and a sell limit order will execute at $3 or higher.

Market Order
A market order is an order to buy or sell immediately. A market order guarantees the buy or sell but it does not set a price. It usually executes at or near the current bid or ask price.

Stop-Loss Order
A stop-loss order signals you want to sell if the specified stock falls to a certain price. This order helps prevent excessive loss if your stock price drops.
If you buy 5 shares of PHUN at an average price of $5 a share, you might set a stop-loss order at $3. If PHUN falls to $3, your broker will sell your shares. 

Stop-Limit Order
A stop-limit order combines 2 types of orders: a stop order and a limit order. Use a stop-limit order when you set a stop price and trigger a limit order. 
The limit order will execute at your limit price or better. It’s wise to use a stop-limit order to limit a loss or protect a profit because you can never be sure exactly where a stock may go.   

You can buy PHUN stock along with any other stock you want to invest in. Take a look at stocks under $20, stocks under $10 or even stocks under $5. 

It’s easy to execute your trade. Choose your order type, click “buy” and you’ll own a bit of PHUN.