The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. fuboTV Inc. shares valued at $167,789 were sold by Horihuela Alberto on Nov 25. At $2.74 per share, Horihuela Alberto sold 61,237 shares. The insider’s holdings dropped to 1,252,615 shares worth approximately $1.52 million following the completion of this transaction.
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Also, Gandler David purchased 46,000 shares, netting a total of over 137,075 in proceeds. Following the buying of shares at $2.98 each, the insider now holds 1,322,564 shares.
Before that, Janedis John had added 7,000 shares to its account. In a trade valued at $20,580, the Chief Financial Officer bought fuboTV Inc. shares for $2.94 each. Upon closing the transaction, the insider’s holdings increased to 7,000 shares, worth approximately $12100.0.
As published in a research note from Evercore ISI on February 28, 2023, fuboTV Inc. [FUBO] has been rated down from an Outperform to an In-line and the price target has been revised to $3 from $6. This represents a 59.67% premium over Thursday’s closing price. Analysts at Wedbush upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in late September. As of August 17, 2022, Wedbush has decreased its “an Outperform” rating to a “Neutral” for FUBO. Earlier on May 06, 2022, ROTH Capital downgraded its rating. Their new recommendation was “a Neutral” for FUBO stock which previously was a “a Buy”.
Analyzing FUBO Stock Performance
The stock’s lowest price that day was $1.16, but it reached a high of $1.25 in the same session. During the last five days, there has been a drop of approximately -19.33%. Over the course of the year, fuboTV Inc. shares have dropped approximately -30.46%. Shares of the company reached a 52-week high of $3.2599 on 02/02/23 and a 52-week low of $1.1600 on 03/16/23. A 50-day SMA is recorded $2.0834, while a 200-day SMA reached $2.9588. Nevertheless, trading volume fell to 11.92 million shares from 11.42 million shares the previous day.
Support And Resistance Levels for fuboTV Inc. (FUBO)
According to the 24-hour chart, there is a support level at 1.1633, which, if violated, would cause prices to drop to 1.1167. In the upper region, resistance lies at 1.2533. The next price resistance is at 1.2967. RSI (Relative Strength Index) is 21.31 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.3495, which suggests the price will decrease in the coming days. Percent R is at 94.62%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is fuboTV Inc. subject to short interest?
Stocks of fuboTV Inc. saw a sharp steep in short interest on Jan 30, 2023 dropping by -1.16 million shares to 43.71 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 44.87 million shares. A decline of -2.65% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.98 of the overall float, the days-to-cover ratio (short ratio) decline to 3.98.
Which companies own the most shares of fuboTV Inc. (FUBO)?
According to The Vanguard Group, Inc. filings, the company currently owns 21,016,109 shares, which is about 10.02% of the total FUBO shares outstanding. The investor’s shares have appreciated by 2,760,908 from its previous 13-F filing of 18255201.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $24,739,099. Islet Management LP acquire a 63.67% interest valued at $12.61 million while SSgA Funds Management, Inc. purchased a 89,292 stake. A total of 1,774,302 shares of fuboTV Inc. were bought by Marshall Wace LLP during the quarter, and 2,249,773 were bought by Morgan Stanley & Co. LLC. In its current portfolio, Geode Capital Management LLC holds 3,479,568 shares valued at $6.65 million.
In terms of fuboTV Inc. share price expectations, FactSet research, analysts set an average price target of $3.26 in the next 12 months, up nearly 147.93% from the previous closing price of $1.21. Analysts anticipate fuboTV Inc. stock to reach $5.00 by 2023, with the lowest price target being $2.30. In spite of this, 8 analysts ranked fuboTV Inc. stock as a Hold at the end of 2023.