Why the Startling Drop in fuboTV's Stock Price Continued Today
Shares of fuboTV (NYSE: FUBO) continued their late-December slide Friday morning, falling by about 11% as of 11:40 a.m. EST. That brought the stock's decline since Dec. 22 to more than 50%.
To keep it in perspective, the stock had climbed by more than 400% after its debut as a public company in October, and the steepest portion of that climb took place in the seven days before this plunge began. Those gains spurred two recent short-seller reports asserting that fuboTV shares should be trading at $10 or less. That compares to a $60 share price just over a week ago.
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Source Fool.com
