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Do Traders Think Root Inc (ROOT) Can Keep Climbing Monday?

Monday, January 30, 2023 12:56 PM | InvestorsObserver Analysts

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Do Traders Think Root Inc (ROOT) Can Keep Climbing Monday?

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

Sentiment Score - ,bullish
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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With ROOT Stock Today?

Root Inc (ROOT) stock has gained 0.66% while the S&P 500 is down -0.76% as of 12:53 PM on Monday, Jan 30. ROOT is up $0.04 from the previous closing price of $5.61 on volume of 90,325 shares. Over the past year the S&P 500 has fallen -10.54% while ROOT is down -84.38%. ROOT lost -$24.30 per share in the over the last 12 months. To screen for more stocks like Root Inc click here.

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. Click Here to get the full Stock Report for Root Inc stock.

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