FreeCast Stock Jumps After DIRECTV Multifamily Deal, But Dilution Risk Lingers
FreeCast shares jumped 23.8% Friday after announcing a national deal to market and sell DIRECTV streaming services to multifamily housing. Maxim Group initiated coverage with a Buy rating and a $6 target. SEC filings indicate ongoing financing and dilution risks for the newly listed company. Trading volume topped 13 million shares by midday.