FreeCast Rallies on DIRECTV Deal, But Risks Remain for CAST
FreeCast, Inc. shot up as much as 147% Friday, with shares last at $1.59. The stock saw heavy action in a range from $0.5452 to $1.93, and close to 148 million shares changed hands. The rally came a day after FreeCast said it can offer DIRECTV services through its direct-to-consumer residential business and its Platform-as-a-Service ecosystem. PaaS is software infrastructure sold to other brands. Benzinga said Friday’s jump was tied to investor reaction to the DIRECTV move.
