Overall market sentiment has been high on Root Inc (ROOT) stock lately. ROOT receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Root Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ROOT!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What’s Happening With ROOT Stock Today?

Root Inc (ROOT) stock is up 4.36% while the S&P 500 has fallen -0.95% as of 11:17 AM on Monday, Dec 4. ROOT has risen $0.46 from the previous closing price of $10.55 on volume of 60,141 shares. Over the past year the S&P 500 has gained 13.81% while ROOT has risen 57.51%. ROOT lost -$13.27 per share in the over the last 12 months.

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.

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