Will fuboTV Beat the Market in 2021?
Let's play ball with fuboTV (NYSE: FUBO). The "sports first" live-streaming TV provider saw its stock nearly triple last year after hitting the market at $10 just three months ago, but it doesn't mean that every investor was taking a victory lap in 2020. The stock was a six-bagger when it peaked on Dec. 22, only to shed more than half its value in the six final trading days of the year.
FuboTV's new year is off to a surprisingly steady and sturdy start. The stock is trading marginally higher in 2021, bouncing back after bottoming out on Monday. An encouraging financial update on Tuesday helped set the upbeat tone.
But if we've learned anything in the stock's first three months of public trading, it's that it doesn't sit still for too long. FuboTV is a bucking bronco in the Wall Street rodeo.
Source Fool.com
