The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Root Inc shares valued at $917,507 were sold by Timm Alexander E. on Apr 02 ’25. At $124.78 per share, Timm Alexander E. sold 7,353 shares. The insider’s holdings dropped to 176,899 shares worth approximately $21.0 million following the completion of this transaction.
Also, Timm Alexander E. sold 1,144 shares, netting a total of over 153,307 in proceeds. Following the sale of shares at $134.01 each, the insider now holds 161,625 shares.
Before that, Bonakdarpour Mahtiyar had sold 5,515 shares from its account. In a trade valued at $688,162, the President and CTO traded Root Inc shares for $124.78 each. Upon closing the transaction, the insider’s holdings decreased to 5,515 shares, worth approximately $34.06 million.
As published in a research note from JMP Securities on November 22, 2024, Root Inc [ROOT] has been rated down from a Mkt outperform to a Mkt perform. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early March. As of February 26, 2024, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for ROOT. Earlier on February 22, 2024, Cantor Fitzgerald upgraded its rating. Their new recommendation was “an Overweight” for ROOT stock which previously was a “a Neutral”.
Analyzing ROOT Stock Performance
During the last five days, there has been a drop of approximately -1.43%. Over the course of the year, Root Inc shares have jumped approximately 63.53%. Shares of the company reached a 52-week high of $181.14 on 03/24/25 and a 52-week low of $70.25 on 01/02/25. A 50-day SMA is recorded $127.24, while a 200-day SMA reached $78.75.
Support And Resistance Levels for Root Inc (ROOT)
According to the 24-hour chart, there is a support level at 112.89, which, if violated, would cause prices to drop to 107.06. In the upper region, resistance lies at 125.70. The next price resistance is at 132.68. RSI (Relative Strength Index) is 44.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -15.13, which suggests the price will decrease in the coming days. Percent R is at 78.90%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
