Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. fuboTV Inc shares valued at $35,500 were purchased by Glat Neil on Aug 16 ’24. At $1.42 per share, Glat Neil acquired 25,000 shares. The insider’s holdings grew to 25,000 shares worth approximately $45250.0 following the completion of this transaction.
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Also, Janedis John sold 18,000 shares, netting a total of over 34,212 in proceeds. Following the sale of shares at $1.90 each, the insider now holds 0 shares.
Before that, Janedis John had sold 30,413 shares from its account. In a trade valued at $56,264, the Chief Financial Officer traded fuboTV Inc shares for $1.85 each. Upon closing the transaction, the insider’s holdings decreased to 30,413 shares, worth approximately $32580.0.
As published in a research note from Barrington Research on August 20, 2024, fuboTV Inc [FUBO] has been retained to a Mkt perform. Analysts at Seaport Research Partners downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid August. As of July 05, 2024, Needham has reiterated its “Buy” rating for FUBO. Earlier on March 04, 2024, Seaport Research Partners upgraded its rating. Their new recommendation was “a Buy” for FUBO stock which previously was a “a Neutral”.
Analyzing FUBO Stock Performance
During the last five days, there has been a surge of approximately 15.29%. Over the course of the year, fuboTV Inc shares have dropped approximately -43.08%. Shares of the company reached a 52-week high of $3.2200 on 01/02/24 and a 52-week low of $1.1000 on 06/21/24. A 50-day SMA is recorded $1.6246, while a 200-day SMA reached $1.5907. Nevertheless, trading volume fell to 9.02 million shares from 8.33 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 1.7650, which, if violated, would cause prices to drop to 1.7200. In the upper region, resistance lies at 1.8600. The next price resistance is at 1.9100. RSI (Relative Strength Index) is 63.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.1524, which suggests the price will decrease in the coming days. Percent R is at 16.42%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
