Why the Startling Drop in fuboTV’s Stock Price Continued Today

1 min read

Shares of fuboTV (NYSE: FUBO) continued their late-December slide Friday morning, falling by about 11% as of 11:40 a.m. EST. That brought the stock’s decline since Dec. 22 to more than 50%. 

To keep it in perspective, the stock had climbed by more than 400% after its debut as a public company in October, and the steepest portion of that climb took place in the seven days before this plunge began. Those gains spurred two recent short-seller reports asserting that fuboTV shares should be trading at $10 or less. That compares to a $60 share price just over a week ago. 

Image source: Getty Images.

Continue reading

Leave a Reply

Your email address will not be published.

Previous Story

These Were the 5 Best Medical Device Stocks of 2020

Next Story

J.C. Penney Ousts Its CEO Weeks After Bankruptcy Sale

Latest from Blog