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Why fuboTV Stock Rallied Today

TheMotleyFool

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Shares of fuboTV (NYSE: FUBO) rallied on Thursday and not for any real fundamental reason. Many of the market's more volatile stocks are soaring today, likely energized by the stimulus package that was just signed by President Joe Biden. As of 3:30 p.m. EST, fuboTV stock was up 12%.

fuboTV stock is still down around 45% from 52-week highs. However, some of its drop relates to a general stock pullback over the last couple weeks. Given that it lost ground for non-fundamental reasons, it's only fair that it gained some of that back today.

Image source: Getty Images.

Source Fool.com

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