Why FuboTV Stock Was 17% Higher Today

Shares of fuboTV (NYSE: FUBO) were 17% higher on Wednesday as so-called meme stocks went airborne, with AMC Entertainment Holdings' shares doubling in value

Whether it was mo' (momentum) or FOMO (fear of missing out) that drove shares higher today, Reddit traders were rallying around stocks that are heavily shorted.

FuboTV doesn't have as many shares sold short as it did back in January, when the whole meme stock movement took on a life of its own, but their total is up 28% from last month and represents more than one-fifth of the live-streaming sports platform's shares outstanding.

Source Fool.com