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Recent Insider Activity Could Benefit fuboTV Inc (FUBO)

fuboTV Inc’s filing revealed that 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.

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 $67778.2.

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 0.72% to $1.40. Over the last five days, the stock has gained 4.48%. fuboTV Inc shares have fallen nearly -55.97% since the year began. Nevertheless, the stocks have risen 28.44% over the past one year. While a 52-week high of $3.87 was reached on 01/02/24, a 52-week low of $1.05 was recorded on 04/22/24. SMA at 50 days reached $1.6118, while 200 days put it at $2.4390. A total of 5.51 million shares were traded, compared to the trading of 4.22 million shares in the previous session.

Levels Of Support And Resistance For FUBO Stock

The 24-hour chart illustrates a support level at 1.3667, which if violated will result in even more drops to 1.3333. On the upside, there is a resistance level at 1.4467. A further resistance level may holdings at 1.4933. The Relative Strength Index (RSI) on the 14-day chart is 40.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0183, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.17%. Stochastics %K at 43.59% indicates the stock is a holding.

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