Root Inc’s filing revealed that its Chief Administrative Officer Allison Jonathan unloaded Company’s shares for reported $0.4 million on Nov 19 ’24. In the deal valued at $100.00 per share,4,000 shares were sold. As a result of this transaction, Allison Jonathan now holds 60,571 shares worth roughly $6.62 million.
Then, Szudarek Julie sold 2,000 shares, generating $192,666 in total proceeds. Upon selling the shares at $96.33, the Director now owns 15,003 shares.
Before that, Allison Jonathan bought 4,000 shares. Root Inc shares valued at $400,000 were divested by the Officer at a price of $100.00 per share.
JMP Securities downgraded its Root Inc [ROOT] rating to a Mkt perform from a a Mkt outperform in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early March from “a Hold” to “a Buy”. Keefe Bruyette also remained covering ROOT and has increased its forecast on February 26, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Cantor Fitzgerald revised its rating on February 22, 2024. It rated ROOT as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of ROOT
On Friday, Root Inc [NASDAQ:ROOT] saw its stock fall -0.16% to $109.23. Over the last five days, the stock has gained 22.85%. Root Inc shares have risen nearly 942.27% since the year began. Nevertheless, the stocks have risen 1058.32% 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 $54.94, while 200 days put it at $52.28.
Levels Of Support And Resistance For ROOT Stock
The 24-hour chart illustrates a support level at 104.04, which if violated will result in even more drops to 98.84. On the upside, there is a resistance level at 111.91. A further resistance level may holdings at 114.58. The Relative Strength Index (RSI) on the 14-day chart is 87.01, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 20.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.75%. Stochastics %K at 92.99% indicates the stock is a selling.
How much short interest is there in Root Inc?
A steep rise in short interest was recorded in Root Inc stocks on 2024-10-31, dropping by -0.22 million shares to a total of 1.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.71 million shares. There was a decline of -14.56%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 10, 2024 when TD Cowen began covering the stock and recommended ‘”a Market perform”‘ rating .
