Key insights
- Fubo has announced a distribution agreement with NBCUniversal, resolving a previous blackout that significantly impacted its stock. This news, coupled with a low float, high short interest, and oversold conditions, suggests potential for a short-term rebound. The agreement addresses a key operational risk, potentially paving the way for recovery towards previous trading levels, though long-term sustainability depends on broader market and company-specific factors.
https://ir.fubo.tv/news/news-details/2026/Fubo-Announces-Distribution-Agreement-With-NBCUniversal/default.aspx This is huge!! NBCU back to Fubo, after months of blackout, this is what caused the stock to crash 75%, now it should go back up, right?
With the stock sitting near all time lows, in an oversold territory, with low float (public float of 29 million shares), around 25% short interest, and almost 8 DTC (days to cover), this looks like a perfect entry point. There is an open gap at $26 that needs to be closed (+160% opportunity), and for the long-term it should definitely get back to ~ $50 range that it was trading for months after the Disney merger announcement.
Fair risk/reward ratio.