FuboTV’s yo-yo action on the New York Stock Exchange continued today as shares in the streaming service fell 14% to $33.25 amid a noisy debate about the stock’s potential.It was the fourth day of the last five that Fubo has lost ground in a major reversal from last week’s runup past $62 a share.
The bulls-versus-bears debate about the streaming bundle purveyor has been intensifying at the close of the year.One clear reason for today’s selloff was the expiration of a lock-up agreement in the company’s initial public offering in October.
As of today (December 30), about 88 million shares — more than triple the previous “float” — became eligible to be sold. That means a number of new investors were able to take profits if they want to lock
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