Why FuboTV Stock Jumped Today

Why FuboTV Stock Jumped Today
·2 min read

Shares of FuboTV (NYSE: FUBO) popped today, although there was no major news driving up shares of the video streamer. Instead, the entertainment stock seemed to be responding to broader gains in growth stocks, which came after it reported a strong earnings report earlier this week. FuboTV stock finished the day up 12.4%, while the Nasdaq gained 2.3%, and the ARK Innovation ETF, often seen as a proxy for high-priced growth stocks, finished up 4.9%.

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