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Why FuboTV Stock Jumped 221% in January

TheMotleyFool

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Shares of FuboTV (NYSE: FUBO) skyrocketed last month after the sports-focused streaming service agreed to a merger with Disney's Hulu + Live TV.

The valuation implied in the merger agreement led the stock to more than triple on Jan. 6 when the news was announced. Fubo shares pulled back after that as investors reassessed the deal, but the stock still finished the month up 221%, according to data from S&P Global Market Intelligence.

As you can see from the chart below, investors enjoyed a monster one-day gain from the stock before it cooled off a bit.

Source Fool.com

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