Companies get sued all the time. They hire gangs of lawyers and negotiate settlements, the shares recover, the business grows.
Bouncing off support here, pretty clear buy signal at end of impulsive bear move.
I'm buying for kids' college funds and calls in my trading account.
Not investing advice; do ur due diligence please! GLTA!
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Market so high now I closed all trades, even this is oversold, if we get a dump from 4k this will break under support IMO
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Jumped back in on covered writes in the Coverdells: 200 shares, shorted the 09 April $25 calls for .80c, nice premium, net cost 21.85.
There is definitely downside risk remaining so do not plunge into this, DCA and sell calls to hedge; I do feel very rash buying stock on the new ATH 4K day, but let's see, can write covered calls forever if it takes that long.
GLTA!
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Stock not behaving well in face of market euphoria down .70 c again, if we get a tankoff all this will collapse IMO Closing for breakeven, GLTA!!
@DaddySawbucks, Just saying the 1:1 is exactly 21.5. The fact that it hasn't immediately bounced from there is not surprising.
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@dRends35, Lotta risk in markets now, if we get a selloff it will take all down with it. Might not be a bargain, might be missing out, idk.
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fuboTV Inc. (NYSE:FUBO)
Class Period: March 23, 2020 - January 4, 2021
Lead Plaintiff Deadline: April 19, 2021
The FUBO lawsuit alleges that throughout the class period, fuboTV Inc. made materially false and/or misleading statements and/or failed to disclose that: (ii) Fubo offering of products was subject to undisclosed cost escalations; (iii) Fubo could not successfully compete and perform as sports book operator and could not capitalize on its only sports wagering opportunity; (iv) Fubo's data and inventory was not differentiated to allow Fubo to achieve long-term advertising growth goals and forecasts; (v) Fubo's valuation was overstated in light of its total revenue and subscription levels; (vi) the acquisition of Balto Sport did not provide the stated synergies, internal expertise, and did not expand the Company's addressable market into online sports wagering; and as a result, Defendants' public statements were materially false and/or misleading at all relevant times.