In a filing, fuboTV Inc revealed its Chief Financial Officer Janedis John unloaded Company’s shares for reported $34212.0 on Mar 04 ’24. In the deal valued at $1.90 per share,18,000 shares were sold. As a result of this transaction, Janedis John now holds 0 shares worth roughly $0.0.
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Then, Janedis John sold 30,413 shares, generating $56,264 in total proceeds. Upon selling the shares at $1.85, the Chief Financial Officer now owns 18,000 shares.
Before that, Janedis John sold 22,342 shares. fuboTV Inc shares valued at $42,209 were divested by the Chief Financial Officer at a price of $1.89 per share. As a result of the transaction, Janedis John now holds 48,413 shares, worth roughly $74556.02.
Seaport Research Partners upgraded its fuboTV Inc [FUBO] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in mid December with a ‘”an Overweight”‘ rating. Seaport Research Partners began covering FUBO with “Neutral” recommendation on October 06, 2023. Evercore ISI revised its rating on February 28, 2023. It rated FUBO as “an In-line” which previously was an “an Outperform”.
Price Performance Review of FUBO
On Monday, fuboTV Inc [NYSE:FUBO] saw its stock jump 1.99% to $1.54. fuboTV Inc shares have fallen nearly -51.57% since the year began. Nevertheless, the stocks have risen 48.08% over the past one year. While a 52-week high of $3.87 was reached on 01/02/24, a 52-week low of $1.03 was recorded on 03/19/24. SMA at 50 days reached $2.0830, while 200 days put it at $2.5203. A total of 6.0 million shares were traded, compared to the trading of 7.56 million shares in the previous session.
Levels Of Support And Resistance For FUBO Stock
The 24-hour chart illustrates a support level at 1.5033, which if violated will result in even more drops to 1.4667. On the upside, there is a resistance level at 1.5733. A further resistance level may holdings at 1.6067. The Relative Strength Index (RSI) on the 14-day chart is 36.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0369, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.19%. Stochastics %K at 20.82% indicates the stock is a holding.
How much short interest is there in fuboTV Inc?
A steep rise in short interest was recorded in fuboTV Inc stocks on Feb 29, 2024, growing by 10.25 million shares to a total of 60.2 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 49.95 million shares. There was a rise of 17.03%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 20.67% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.4.
