Why FuboTV Stock Is Soaring 30% This Week
Shareholders of FuboTV (NYSE: FUBO) stock are having a banner week. After some important news last Friday, shares have been plowing higher all week as the company helps explain the impacts of a big courtroom win.
Fubo stock was up by as much as 38% at the peak this week. Heading into the final day of trading, shares were still up by 29.4% for the week, according to data provided by S&P Global Market Intelligence.
That surge has helped ease the pain for longer-term shareholders. Even with this week's spike, shares of the sports-oriented streaming service are lower by about 37% year to date.
Source Fool.com
