Why fuboTV Stock Popped, Then Dropped
FUBOfuboTV(FUBO) The Motley Fool·2024-08-06 22:22

fuboTV reported great news today, but can it last? fuboTV (FUBO -5.72%) stock fared better than most in yesterday's Japan-inspired market rout, losing only 1.5% -- and only half as bad as the S&P 500 index's 3% loss. The good news seemed ready to keep on rolling this morning, too, when fuboTV reported better-than-expected sales and earnings, inspiring an early 15% pop in the stock. But then it vanished. As of 9:45 a.m. ET, fuboTV has already turned tail and moved lower, down 2.3%. This despite the fact that ...