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14.08.2022 16:07:00

This Meme Stock Is Up 52% in a Month. Time to Buy?

Meme stocks have been unpleasant investments in this bear market. Take live-TV streaming company fuboTV (NYSE: FUBO), for example. The stock has fallen a whopping 93% from its high. But the stock has recently shown a pulse, rising 52% in just the past month.Is some optimism finally heading back into the market? Will fuboTV finally begin its journey of share price rehabilitation? Perhaps, but here's why investors should handle fuboTV with care.It's an old cliche that the stock market boils down to fear and greed, but there is truth in that saying. Sometimes the pendulum swings too far in one direction; you can see below that short sellers are piling into fuboTV, shorting almost 30% of the stock's outstanding shares. These must be repurchased at some point so that short-sellers can close their positions.Continue reading
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