The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. Notably, the stock was actually up in pre-market trading as it beat estimates in its fourth-quarter earnings report, but the other updates spoiled those gains. As of 1:32 p.m. ET, the stock was down 11.9%. fuboTV got a lift in the fourth quarter from the FIFA World Cup as revenue jumped 38% to $319.3 million, which beat estimates at $285.6 million. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. That's nearly twice as much as the $72 million it lost in the same time last year. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. But that should come after they have read the other opinions and thought through all the factors making up the growth story. See what's happening in the market right now with MarketBeat's real-time news feed. What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but Let's look closer at two reasons the market is concerned about fuboTV. For the quarter, fuboTV lost $106 million on the bottom line. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. As of 1 p.m. Eastern, FUBO stock is down more than 10% as investors price in poor tech earnings and continued Fedspeak. Interestingly, theres little news to speak of when it comes to FuboTV today. fuboTV Inc (FUBO) Stock Price Today, News, Quotes, FuboTV outages reported in the last 24 hours This chart shows a view of problem reports submitted in the past 24 hours compared to the typical volume of Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Discovery, Fox and fuboTV, Traders Purchase Large Volume of Put Options on fuboTV (NYSE:FUBO), fuboTV Inc. (NYSE:FUBO) Receives $4.85 Consensus Price Target from Brokerages, Insider Selling: fuboTV Inc. (NYSE:FUBO) Insider Sells $87,206.04 in Stock, How to stream every out-of-market MLB game on FuboTV this season (free trial), Tyler Perrys Assisted Living season 4 episode 2: How to watch for free (3/29/23), Farmer Wants a Wife season 1 episode 4: How to watch for free (3/29/23), Play Ball!
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