Shares of fuboTV Inc. (FUBO) are trading 8% higher at a price of $3.14 at the time of this writing.
- FuboTV stock is up because of positive forecasts for the company's future.
- The company is considering building a sports wagering business in-house, which requires more cash than the market has patience for at this time
- FuboTV's second quarter earnings call was well-received by investors, with shares rising 14%
fuboTV Inc. has been trading between a 52-week high of $35.1 and a 52-week low of $2.32. The stock has a market cap of $581 Million.
fuboTV (NYSE: FUBO) is the leading sports-first live TV streaming platform offering subscribers access to tens of thousands of live sporting events annually as well as leading news and entertainment content. With fuboTV's base plan, subscribers can stream a broad mix of 100+ live channels, including 43 of the top 50 Nielsen-ranked networks across sports, news and entertainment (Primetime A18-49), with the option to add dozens of additional networks. Continually innovating to give subscribers a premium viewing experience they can't find with cable TV, fuboTV is regularly first-to-market with new product features and was the first virtual MVPD to stream in 4K.
Headlines
fuboTV Is Considering Strategic Options for Its Wagering Business
The Motley Fool 08-05-22
fuboTV Inc. (FUBO) Q2 2022 Earnings Call Transcript | AlphaStreet
AlphaStreet 08-05-22
fuboTV PT Lowered to $5 at Wedbush
Investing.com 08-05-22
fuboTV, Inc. (FUBO) Q2 2022 Earnings Call Transcript
The Motley Fool 08-05-22
fuboTV PT Raised to $4 at Roth Capital
Investing.com 08-05-22
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:mpoozd - 7 upvotes -
sourceToday's earnings : * DASH * SQ * TWLO * FUBO * CNVA * NET * BYND * Z * LYFT * CHGG One of these could be 10 bagger, pick one randomly or go all in 
JohnQAdams12 - 7 upvotes -
sourceFubo moving
renedotmac - 7 upvotes -
sourceFUBO, you marvelous piece of stock
neldalover1987 - 7 upvotes -
sourceI remember buying FUBO when it was at $32 and sold at about $30. Shits at $3 now 
JohnQAdams12 - 6 upvotes -
sourceFubo may hit $4 tomorrow!!
Roggie36 - 6 upvotes -
sourceAPES. $FUBO sounds like a hit. It just beat earnings and is very shorted and a squeeze can come
Fragrant-Radish8484 - 6 upvotes -
sourceFUBO worked out for me 🚀
JohnQAdams12 - 6 upvotes -
sourceFubo!!!!
A11anMS11 - 6 upvotes -
sourceFubo coming to pick me up at $21
OstrichNeither - 6 upvotes -
sourcei played earnings again cvna fubo put sq wbd dkng call