Is it Time to Dump Root Inc (ROOT) Stock After it Is Down 9.77% in a Week?

Root Inc (ROOT) stock is lower by 9.77% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Root Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ROOT!

See Full ROOT Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With ROOT Stock Today?

Root Inc (ROOT) stock is trading at $1.20 as of 11:46 AM on Tuesday, May 24, a drop of -$0.01, or -0.83% from the previous closing price of $1.21. The stock has traded between $1.11 and $1.20 so far today. Volume today is light. So far 1,236,954 shares have traded compared to average volume of 3,030,705 shares. To see InvestorsObserver's Sentiment Score for Root Inc click here.

More About Root Inc

Root Inc develops and launches a direct-to-consumer personal automobile insurance and mobile technology company. It 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.