Why fuboTV Stock Dropped Monday

Shares of fuboTV (NYSE: FUBO) dropped more than 10% Monday, but pared that decline to end the trading day down 8.5%. Today's drop brings the one-month decline in the stock to more than 36%, as it hovers near lows not seen since last fall. The company began trading publicly in October 2020.

Since its public debut, fuboTV has traded like a rollercoaster. It was at one point over $60 per share, then back below $30 per share, and has repeated a similar cycle this year. The company is still an unprofitable, high-growth name in the streaming television market, and trades with investor anticipation and speculation. There is no specific news from the company or through an SEC filing today, making today's move more likely due to general market sentiment.

Image source: Getty Images.

Source Fool.com