FuboTV Inc. (FUBO) is experiencing a lack of movement today, with the stock price remaining flat. A significant factor contributing to this stagnation is the recent insider selling activity. Notably, COO Alberto Horihuela sold a substantial number of shares, including 5,868 shares on January 10th and 403,847 shares on January 7th. Additionally, CEO David Gandler sold 1,425,888 shares on January 6th. These transactions have raised concerns among investors about the confidence of the company's leadership in its future prospects.
On Reddit, discussions reflect a mix of skepticism and cautious optimism. Some users are considering puts, with one noting, "So many shares have been sold by the CEO, COO and other large investors these past few days." Another user expressed doubt about the stock's potential to rise significantly, stating, "How can this actually go above $6 before the month ends?" Meanwhile, others remain hopeful, with one user suggesting, "Fubo found a solid support level and can now start moving up to test a potential new resistance."
FuboTV's stock is currently trading at $3.93, unchanged from the previous close. Despite being just 30 minutes into the trading day, the stock has already seen a volume of 7,518,531 shares, representing 21.44% of the average daily volume of 35,062,793 shares, indicating active trading this morning.