Stock Traders Buy High Volume of FuboTV Call Options (NYSE:FUBO)

FuboTV Inc. (NYSE:FUBO) saw some unusual options trading on Monday. Traders purchased 178,497 call options on the stock. This represents an increase of approximately 959% compared to the typical daily volume of 16,850 call options.

Insider Buying and Selling at FuboTV

In related news, CFO John Janedis sold 74,326 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total value of $109,259.22. Following the completion of the transaction, the chief financial officer now directly owns 76,766 shares of the company’s stock, valued at $112,846.02. This trade represents a 49.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Alberto Horihuela sold 47,478 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $69,792.66. Following the transaction, the chief operating officer now owns 1,471,325 shares in the company, valued at $2,162,847.75. The trade was a 3.13 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is owned by insiders.

Institutional Investors Weigh In On FuboTV

Institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP boosted its holdings in FuboTV by 114.1% in the second quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock valued at $10,383,000 after purchasing an additional 4,461,707 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of FuboTV by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after buying an additional 425,906 shares during the period. State Street Corp boosted its stake in shares of FuboTV by 1.9% in the third quarter. State Street Corp now owns 6,934,875 shares of the company’s stock worth $9,848,000 after buying an additional 132,167 shares during the last quarter. Millennium Management LLC grew its holdings in FuboTV by 132.6% during the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after acquiring an additional 2,742,780 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in FuboTV by 8.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock valued at $3,676,000 after acquiring an additional 200,154 shares in the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

FuboTV Stock Performance

Shares of FUBO stock opened at $5.10 on Tuesday. The business has a fifty day moving average of $1.58 and a 200 day moving average of $1.52. FuboTV has a 1 year low of $1.10 and a 1 year high of $5.30. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of -7.61 and a beta of 1.78.

About FuboTV

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company’s platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.