Here's What Would Make fuboTV Stock Go Back Up
It's not a secret: fuboTV (NYSE: FUBO) is one the most volatile stocks on the market. From Jan. 1, 2020, to late December, the stock price was up about 600%. From late December to early January, it tanked roughly 60%. It's whipsawed since then, and is still down 42% from its December highs but up roughly 300% from where it traded this time last year.
The roller-coaster ride continued when fuboTV reported full-year financial results for 2020. The stock sold off roughly 15% after the company's guidance disappointed investors and fears grew about increasing competition.
Investors are probably wondering what's next for fuboTV stock. Questions remain, but there's something I'm not questioning at all. Indeed, I'm confident there's one thing that would make fuboTV shares go back up for good.
Source Fool.com
