Why FuboTV Stock Blasted 15% Higher Today
FuboTV (NYSE: FUBO) stock had a fine Tuesday, rising to close the day more than 15% higher. Investors were cheered by a pair of insider stock buys that were disclosed after market hours the day before.
You don't get much more insider at FuboTV than CEO David Gandler and CFO John Janedis, both of whom loaded up on company stock on its recent weakness. Gandler helped himself to 46,000 shares, purchased at $2.98 apiece, while Janedis bought 7,000 at $2.94. According to Simply Wall Street, this lifts the combined holdings of the two men by a hefty 233%.
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Source Fool.com
