In my opinion, we wonāt see any meaningful news, and
$FUBO appears to be in decline after final notice of RSz The reverse split looks like a move to push retail investors out, and management has been extremely disappointing. Thereās been no update to guidance, which signals a lack of a clear path forward and continued uncertainty from leadership. Overall, very poor execution.
Strong, aggressive management would be putting out clear guidance and consistent news flowāespecially after recent developmentsāwhich could have easily pushed the stock from $3 to $6 much faster. Instead, they chose a reverse split that pressured the stock downward.
Meanwhile, major hedge funds have been accumulating shares over the past year, as reflected in the chart. However, this wonāt stop short sellers from continuing to apply pressure.
@fuboTV_PR watch what is going to happen tomorrow.
$FUBO
1 for 12 reverse split
3/23 5pm
Will trade at this new price 3/24