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A Guide To The Risks Of Investing In fuboTV Inc (FUBO)

fuboTV Inc’s recent filing unveils that its Director Glat Neil acquired Company’s shares for reported $35500.0 on Aug 16 ’24. In the deal valued at $1.42 per share,25,000 shares were bought. As a result of this transaction, Glat Neil now holds 25,000 shares worth roughly $40750.0.

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Then, Janedis John sold 18,000 shares, generating $34,212 in total proceeds. Upon selling the shares at $1.90, the Chief Financial Officer now owns 0 shares.

Before that, Janedis John sold 30,413 shares. fuboTV Inc shares valued at $56,264 were divested by the Chief Financial Officer at a price of $1.85 per share. As a result of the transaction, Janedis John now holds 18,000 shares, worth roughly $29339.999999999996.

Barrington Research reiterated its fuboTV Inc [FUBO] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who decreased its forecast for the stock in mid August from “a Buy” to “a Neutral”. Needham also remained covering FUBO and reiterated its “Buy” recommendation on July 05, 2024. Seaport Research Partners revised its rating on March 04, 2024. It rated FUBO as “a Buy” which previously was an “a Neutral”.

Price Performance Review of FUBO

On Friday, fuboTV Inc [NYSE:FUBO] saw its stock jump 3.82% to $1.63. Over the last five days, the stock has gained 0.62%. fuboTV Inc shares have fallen nearly -48.74% since the year began. Nevertheless, the stocks have fallen -33.74% over the past one year. While a 52-week high of $3.82 was reached on 01/02/24, a 52-week low of $1.10 was recorded on 06/21/24. SMA at 50 days reached $1.5878, while 200 days put it at $1.6396.

Levels Of Support And Resistance For FUBO Stock

The 24-hour chart illustrates a support level at 1.5950, which if violated will result in even more drops to 1.5600. On the upside, there is a resistance level at 1.6550. A further resistance level may holdings at 1.6800. The Relative Strength Index (RSI) on the 14-day chart is 56.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0838, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.18%. Stochastics %K at 71.72% 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 2024-09-30, growing by 3.37 million shares to a total of 37.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 34.43 million shares. There was a rise of 8.93%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on December 12, 2023 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $5 price target.

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