r/investing
Fubo Announces Distribution Agreement With NBCUniversal
Fubo resolves NBCU blackout, presenting a massive short-squeeze and technical rebound opportunity from all-time lows.
- NBCU distribution agreement resolves the blackout that caused a 75% crash.
- High short interest (25%) and days to cover (8) combined with low float create a short squeeze setup.
- Stock is oversold near all-time lows with a $26 gap to fill (+160%) and long-term target of $50.
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.
Do I need another subscription for watching something? I do not think so.
It's already included in their plans