Here's Why fuboTV Stock Jumped Today
Shares of fuboTV (NYSE: FUBO) jumped today (as of 11:30 a.m. EST, they were up 23%), but the stock is extremely volatile right now, so this is subject to change quickly. And there's reason to believe this short-term volatility will continue in the days to come, because short squeezes are all the rage among investors these days.
When someone shorts a stock, they're trying to make money when it goes down. But if it goes up, they could be forced to cover by buying shares and ending the trade. This is called a short squeeze. Bearish investors are forced to buy shares, creating demand that makes the price temporarily go up -- further complicating things for investors who are still short.
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Source Fool.com
