Root Inc’s filing revealed that its 10% Owner Malka Meyer unloaded Company’s shares for reported $4.32 million on Oct 31 ’24. In the deal valued at $84.78 per share,50,959 shares were sold. As a result of this transaction, Malka Meyer now holds 102 shares worth roughly $7237.919999999999.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Ribbit Capital IV, L.P. bought 50,959 shares, generating $2,063,330 in total proceeds.
Before that, Birnbaum Beth A sold 1,735 shares. Root Inc shares valued at $75,766 were divested by the Director at a price of $43.67 per share. As a result of the transaction, Birnbaum Beth A now holds 16,013 shares, worth roughly $1.14 million.
Jefferies upgraded its Root Inc [ROOT] rating to a Buy from a a Hold in a research note published on March 01, 2024; the price target was increased to $40 from $10. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in late February from “a Mkt perform” to “an Outperform”. Cantor Fitzgerald also remained covering ROOT and has increased its forecast on February 22, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. TD Cowen started covering the stock on January 10, 2024. It rated ROOT as “a Market perform”.
Price Performance Review of ROOT
On Monday, Root Inc [NASDAQ:ROOT] saw its stock fall -0.07% to $70.96. Over the last five days, the stock has gained 75.34%. Root Inc shares have risen nearly 577.10% since the year began. Nevertheless, the stocks have risen 588.93% over the past one year. While a 52-week high of $118.15 was reached on 10/31/24, a 52-week low of $7.22 was recorded on 02/09/24. SMA at 50 days reached $41.75, while 200 days put it at $46.73.
Levels Of Support And Resistance For ROOT Stock
The 24-hour chart illustrates a support level at 66.37, which if violated will result in even more drops to 61.79. On the upside, there is a resistance level at 76.44. A further resistance level may holdings at 81.93. The Relative Strength Index (RSI) on the 14-day chart is 82.98, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 23.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 58.06%. Stochastics %K at 40.91% indicates the stock is a holding.
How much short interest is there in Root Inc?
A steep rise in short interest was recorded in Root Inc stocks on 2024-10-15, dropping by -0.16 million shares to a total of 1.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.72 million shares. There was a decline of -10.57%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 19, 2021 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $5.50 price target.
