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FUBO Rallies 68%+ in 2 Days

Written By: ChartChamp

August 19, 2024

A few months ago Disney, Warner Bros, and Fox teamed up against Fubo by joining forces to launch a competitive site called Venu. Fubo has been in a lawsuit against these three media giants. On Friday a judge sided with Fubo and temporarily blocked the launch of Venu just a few weeks before the launch of football season. Fubo’s stock price has rallied more than 68% in just 2 trading days, which really shows how much this news has been affecting Fubo’s stock price. I think the legal battle isn’t over yet, but it is looking good for Fubo. I haven’t bought back in yet, but I plan to buy whenever there is a good trade setup.

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