FuboTV Inc. (FUBO) is experiencing a decline today, with several factors contributing to the downward pressure on its stock. Technical issues with the Fubo app on Roku devices have been reported, causing frustration among users. One user noted, "While watching Fubo, the app will just close/crash and send me back to the main Roku screen." These compatibility issues could be affecting user satisfaction and potentially impacting subscriber growth. Additionally, broader market conditions are weighing on FuboTV, as the S&P 500 and other stocks are in the red, leading to concerns about Fubo's ability to maintain its recent momentum.
On Reddit, discussions reflect a mix of bearish sentiment and cautious optimism. Some users are expressing skepticism about the stock's short-term prospects, with one stating, "With this kind of environment, I think FUBO might struggle to hold up." Others see the current dip as a buying opportunity, suggesting that the stock's volatility is expected and could present a chance to acquire shares at a discount. Despite the recent surge following the Disney merger announcement, the market's broader struggles appear to be influencing FuboTV's stock performance today.
FuboTV's stock is currently trading at $4.59, down 10.08% from the previous close of $5.11. The stock has fluctuated between a high of $4.89 and a low of $4.51 in today's trading session. Despite being just 30 minutes into the trading day, the stock has already seen a volume of 16,077,819 shares, representing 48.99% of the average daily volume of 32,818,075 shares, indicating active trading this morning.