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Why FuboTV Stock Soared 132% in Q1 While the S&P 500 Had Its Worst Quarter Since 2022
The big gain, however, comes with an even bigger footnote.
In contrast with the S&P 500 index's worst quarterly performance since the bear market of early 2022, share prices of streaming television service FuboTV (NYSE: FUBO) rose 132% in Q1. This strength turns heads, particularly when the overall market struggles.
But a deeper dive on FuboTV stock's big move suggests it's considerably less compelling.
Early this year, Walt Disney announced it would merge its Hulu streaming brand with FuboTV's streaming cable TV operation. That's why FuboTV stock soared 251% the day the companies announced the pairing.
