Here's Why fuboTV Stock Is Crashing
Shares of fuboTV (NYSE: FUBO) have been on a bit of a rollercoaster ride, and today continues the downhill drop. As of 10:15 a.m. EST Thursday, the stock was down another 9%, bringing its two-day cumulative drop to 23%.
But investors who have owned it for more than a week shouldn't be complaining, as they are still up over 80% on the newly public company.
The sports-focused streaming service went public through an initial public offering (IPO) on Oct. 8, and shares had been on a tear until yesterday. There are several explanations for the reversal.
Source Fool.com