Here's Why fuboTV Stock Is Skyrocketing Once Again Today

Shares of sports-centric streaming-TV platform fuboTV (NYSE: FUBO) are skyrocketing again on Monday. The stock was already taking off before today -- inclusive of today's gains, fuboTV stock has doubled in under a month. But the company is gaining greater visibility on Wall Street, and that's helping it make further gains today. As of noon EST, the stock was up a whopping 22%.

For starters, fuboTV CEO David Gandler appeared on the Voices of Wall Street podcast on Friday. He was asked about a range of topics, including the possibility of sporting events exclusive to fuboTV. His muted response was simply, "Everything is always on the table." As the host pushed for a more definite answer, Gandler noted the company is in a quiet period, preventing him from being more forthright. Investors, therefore, are assuming the answer is "yes" and they're celebrating the news.

Image source: Getty Images.

Continue reading

Source Fool.com