Why fuboTV Is Down Again Today
Shares of fuboTV (NYSE: FUBO) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. After spiking more than 400%, the stock has been tumbling the last several trading sessions.
On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%.
The drop gained momentum late last week after an analyst said the $40 stock is only worth $8.
Source Fool.com
