Root Inc’s recent filing unveils that its Director DEVARD JERRI unloaded Company’s shares for reported $0.27 million on Jun 05 ’25. In the deal valued at $141.50 per share,1,895 shares were sold. As a result of this transaction, DEVARD JERRI now holds 18,532 shares worth roughly $2.81 million.
Then, Szudarek Julie sold 2,790 shares, generating $373,302 in total proceeds. Upon selling the shares at $133.80, the Director now owns 13,332 shares.
Before that, Birnbaum Beth A sold 2,852 shares. Root Inc shares valued at $394,516 were divested by the Director at a price of $138.33 per share. As a result of the transaction, Birnbaum Beth A now holds 14,280 shares, worth roughly $2.17 million.
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 jump 9.02% to $151.73. Over the last five days, the stock has gained 15.83%. Root Inc shares have risen nearly 109.02% since the year began. Nevertheless, the stocks have risen 205.85% over the past one year. While a 52-week high of $181.14 was reached on 03/24/25, a 52-week low of $34.04 was recorded on 01/02/25. SMA at 50 days reached $134.59, while 200 days put it at $93.94.
Levels Of Support And Resistance For ROOT Stock
The 24-hour chart illustrates a support level at 143.71, which if violated will result in even more drops to 135.69. On the upside, there is a resistance level at 156.70. A further resistance level may holdings at 161.67. The Relative Strength Index (RSI) on the 14-day chart is 61.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.26%. Stochastics %K at 78.22% indicates the stock is a holding.
The most recent change occurred on January 10, 2024 when TD Cowen began covering the stock and recommended ‘”a Market perform”‘ rating .
