Stock Traders Purchase Large Volume of Call Options on FuboTV (NYSE:FUBO)

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

FuboTV Stock Performance

FuboTV stock opened at $5.10 on Tuesday. FuboTV has a 1-year low of $1.10 and a 1-year high of $5.30. The company’s 50-day moving average is $1.58 and its 200 day moving average is $1.52. The firm has a market capitalization of $1.70 billion, a P/E ratio of -7.61 and a beta of 1.78. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54.

Insider Buying and Selling at FuboTV

In related news, COO Alberto Horihuela sold 47,478 shares of FuboTV stock in a transaction dated Thursday, November 21st. The stock was 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 owns 1,471,325 shares in the company, valued at approximately $2,162,847.75. This trade represents a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John Janedis sold 74,326 shares of the firm’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 $109,259.22. Following the completion of the sale, the chief financial officer now directly owns 76,766 shares of the company’s stock, valued at $112,846.02. The trade was a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On FuboTV

Hedge funds have recently bought and sold shares of the business. Marshall Wace LLP increased its stake in FuboTV by 114.1% in the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after buying an additional 4,461,707 shares during the period. Millennium Management LLC boosted its holdings in shares of FuboTV by 132.6% in the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock valued at $5,965,000 after purchasing an additional 2,742,780 shares during the period. Barclays PLC increased its holdings in FuboTV by 121.3% during the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock worth $1,784,000 after purchasing an additional 688,625 shares during the period. Geode Capital Management LLC raised its position in FuboTV by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after purchasing an additional 425,906 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of FuboTV by 8.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock worth $3,676,000 after buying an additional 200,154 shares during the period. 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.