fuboTV: Shares Deserve To Underperform Even After Monumental Victory

Summary:

  • fuboTV Inc. shares surged 29.7% in midday trading on August 19th, due to a positive development regarding the industry the company operates in.
  • A judge’s ruling against a joint sports streaming venture between major companies favored fuboTV, leading to the recent stock price increase.
  • Despite recent improvements in revenue, profits, and user growth, fuboTV still faces significant challenges, making it a ‘sell’ for now.

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The last two trading days have been explosively positive for shareholders of fuboTV Inc. (NYSE:FUBO). On August 16th, shares of the company closed up 16.7%. But that paled in comparison to midday trading on August 19th. As I type


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