FuboTV (FUBO) is Rallying

May 28, 2021

FuboTV (FUBO) is Rallying

LikeFolio has been vocal about our bullish outlook on FuboTV since early 2021.

Although our official entry point has proven less-than-ideal, we’ve since doubled-down on our position, as well as accurately predicting the recent 21Q1 earnings beat.

The underlying data for FuboTV continues to show immense strength relative to the prior 2 years – Total Mention volume has soared to new highs, up +414% YoY on 90-day moving average.

Shares of FUBO are up by +22% this week and have rallied by more than +50% from the lows seen earlier this month.

It's worth noting that FUBO has been a favorite of retail traders targeting heavily-shorted stocks. And, with short interest above 17% (as of May 14th) short squeeze action has likely helped drive the recent price increase.

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