HomeRenters InsuranceIs Root Inc (ROOT) a Stock to Watch After Losing -1.31% This...

Is Root Inc (ROOT) a Stock to Watch After Losing -1.31% This Week?

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Friday, November 10, 2023 12:41 PM | InvestorsObserver Analysts

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Is Root Inc (ROOT) a Stock to Watch After Losing -1.31% This Week?

Root Inc (ROOT) stock has fallen 1.31% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bearish
Root Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ROOT!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver‘s Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What’s Happening With ROOT Stock Today?

Root Inc (ROOT) stock has fallen -0.61% while the S&P 500 has risen 1.07% as of 12:33 PM on Friday, Nov 10. ROOT has fallen -$0.06 from the previous closing price of $9.87 on volume of 15,111 shares. Over the past year the S&P 500 is higher by 17.22% while ROOT has risen 49.77%. ROOT lost -$13.27 per share in the over the last 12 months.

To see InvestorsObserver’s Sentiment Score for Root Inc click here.

More About Root Inc

Root Inc develops and launches a direct-to-consumer personal automobile insurance and mobile technology company. The company is a direct-to-consumer personal auto insurance, renters insurance and mobile technology company. It generates revenue from the sale of auto insurance policies within the United States.

Click Here to get the full Stock Report for Root Inc stock.

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