5 Days Ago
2 Min Read

FUBO shares jumped up 8% today. A look at what's happening:

+6.08% 24h

Shares of fuboTV Inc. (FUBO) are trading 8% higher at a price of $3.14 at the time of this writing.

  • FuboTV stock is up because of positive forecasts for the company's future.
  • The company is considering building a sports wagering business in-house, which requires more cash than the market has patience for at this time 
  • FuboTV's second quarter earnings call was well-received by investors, with shares rising 14%

fuboTV Inc. has been trading between a 52-week high of $35.1 and a 52-week low of $2.32. The stock has a market cap of $581 Million.

fuboTV (NYSE: FUBO) is the leading sports-first live TV streaming platform offering subscribers access to tens of thousands of live sporting events annually as well as leading news and entertainment content. With fuboTV's base plan, subscribers can stream a broad mix of 100+ live channels, including 43 of the top 50 Nielsen-ranked networks across sports, news and entertainment (Primetime A18-49), with the option to add dozens of additional networks. Continually innovating to give subscribers a premium viewing experience they can't find with cable TV, fuboTV is regularly first-to-market with new product features and was the first virtual MVPD to stream in 4K.


fuboTV Is Considering Strategic Options for Its Wagering Business
The Motley Fool 08-05-22

fuboTV Inc. (FUBO) Q2 2022 Earnings Call Transcript | AlphaStreet
AlphaStreet 08-05-22

fuboTV PT Lowered to $5 at Wedbush
Investing.com 08-05-22

fuboTV, Inc. (FUBO) Q2 2022 Earnings Call Transcript
The Motley Fool 08-05-22

fuboTV PT Raised to $4 at Roth Capital
Investing.com 08-05-22

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

mpoozd - 7 upvotes - source
Today's earnings : * DASH * SQ * TWLO * FUBO * CNVA * NET * BYND * Z * LYFT * CHGG One of these could be 10 bagger, pick one randomly or go all in ![img](emote|t5_2th52|4276)

JohnQAdams12 - 7 upvotes - source
Fubo moving

renedotmac - 7 upvotes - source
FUBO, you marvelous piece of stock

neldalover1987 - 7 upvotes - source
I remember buying FUBO when it was at $32 and sold at about $30. Shits at $3 now ![img](emote|t5_2th52|4271)

JohnQAdams12 - 6 upvotes - source
Fubo may hit $4 tomorrow!!

Roggie36 - 6 upvotes - source
APES. $FUBO sounds like a hit. It just beat earnings and is very shorted and a squeeze can come

Fragrant-Radish8484 - 6 upvotes - source
FUBO worked out for me 🚀

JohnQAdams12 - 6 upvotes - source

A11anMS11 - 6 upvotes - source
Fubo coming to pick me up at $21![img](emote|t5_2th52|6880)

OstrichNeither - 6 upvotes - source
i played earnings again cvna fubo put sq wbd dkng call