FuboTV Inc. (FUBO) is having another rough day, with shares declining as broader markets show weakness. While the Nasdaq is down 0.68% and the S&P 500 is off 0.66%, the sports-focused streaming company is getting hit harder than the market.
What's Driving the Decline
The selling pressure stems from FuboTV's first-quarter 2026 financial report, which delivered mixed signals. Sure, the company beat revenue estimates with $1.55 billion versus the expected $1.10 billion, but that silver lining came with some storm clouds. The company posted a 2-cent loss per share and made two moves that spooked investors: pulling forward guidance entirely and announcing a reverse stock split ranging between 1-for-8 and 1-for-12.
When a company stops telling you where it thinks it's headed, that's rarely a confidence builder.
Technical Picture Looks Grim
FuboTV has fallen 67.75% over the past year, and the stock is currently trading at $1.31, hovering just 2 cents above its 52-week low of $1.29. That's about as close to the edge as you can get.
The technical setup is deeply bearish across the board. The stock is trading 34% below its 20-day simple moving average, 46.7% below the 50-day, 58.2% below the 100-day, and 61.8% below the 200-day. Every moving average is flashing red.
There's one potentially interesting signal though: the RSI sits at 16.06, firmly in oversold territory. That doesn't guarantee a bounce, but it suggests the stock has been beaten down hard enough that some kind of relief rally could materialize.
