FuboTV Sees Unusually High Options Volume (NYSE:FUBO)

FuboTV Inc. (NYSE:FUBO) was the recipient of some unusual options trading on Monday. Stock traders acquired 178,497 call options on the stock. This represents an increase of 959% compared to the average daily volume of 16,850 call options.

FuboTV Price Performance

FUBO traded up $2.40 on Monday, hitting $3.84. 278,593,108 shares of the company’s stock were exchanged, compared to its average volume of 91,943,234. The firm has a 50-day moving average price of $1.51 and a 200-day moving average price of $1.50. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -5.73 and a beta of 1.78. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. FuboTV has a fifty-two week low of $1.10 and a fifty-two week high of $3.99.

Insider Activity at FuboTV

In related news, CFO John Janedis sold 74,326 shares of FuboTV 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 sale, the chief financial officer now directly owns 76,766 shares in the company, valued at $112,846.02. This trade represents a 49.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Alberto Horihuela sold 47,478 shares of the business’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 value of $69,792.66. Following the completion of the transaction, the chief operating officer now directly owns 1,471,325 shares of the company’s stock, valued at $2,162,847.75. The trade was a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.

Institutional Trading of FuboTV

Several large investors have recently bought and sold shares of FUBO. Millennium Management LLC lifted its position 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 buying an additional 2,742,780 shares in the last quarter. Marshall Wace LLP lifted its stake in FuboTV by 114.1% during the second quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after purchasing an additional 4,461,707 shares in the last quarter. Barclays PLC boosted its holdings in FuboTV by 121.3% during the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock valued at $1,784,000 after acquiring an additional 688,625 shares during the period. Geode Capital Management LLC boosted its position in 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. Finally, Charles Schwab Investment Management Inc. grew its stake in FuboTV by 8.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock worth $3,676,000 after purchasing an additional 200,154 shares in the last quarter. Hedge funds and other institutional investors own 39.31% of the company’s stock.

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.