On exceptionally heavy trading of nearly 43 million shares, publicly traded sports-first vMVPD Fubo TV saw its stock price drop by 14% on Monday, ending the day at $2 per share.
The reason for the dip? Investors reacted negatively to an arguably conservative subscriber outlook in addition to what MarketWatch calls a “deep discount” share sale disclosure from the company that sees former analyst John Janedis in the C-Suite as its CFO.
