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Why FuboTV Stock Was Falling Today

TheMotleyFool

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Shares of FuboTV (NYSE: FUBO) were pulling back today after a surge last week that came on an agreement to merge with Disney's (NYSE: DIS) Hulu + Live TV.

There wasn't any company-specific news out on Fubo today, but after digesting the news, investors may think that the Fubo stock rally was overdone. A risk-off day in the market, driven by increasing bets that the Federal Reserve may not cut interest rates this year, also seemed to fuel the sell-off.

As of 1:10 p.m. ET, the stock was down 11.2%.

Source Fool.com

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