COLUMBUS, Ohio, June 04, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, announced today that Alex Timm, Co-Founder and CEO, will participate in a virtual fireside chat moderated by Andrew Kligerman at the TD Financial Services & Fintech Summit on Friday, June 7, 2024 at 2:30 p.m. ET. The link to register for the fireside chat will be available on Root's Investor Relations website, and a replay of the web ...

COLUMBUS, Ohio, May 30, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, is proud to have Marcus Armstrong, the 2023 NTT INDYCAR SERIES Rookie of the Year, representing Root at the Detroit Grand Prix race this weekend, May 31 - June 2. Root will be the primary partner for Armstrong's No. 11 Honda as he continues to make impressive moves on the track this season. Armstrong sported the Root Honda at the Chil ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

From a technical perspective, Root, Inc. (ROOT) is looking like an interesting pick, as it just reached a key level of support. ROOT recently overtook the 20-day moving average, and this suggests a short-term bullish trend.The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.The 20-day ...

Root, Inc. (ROOT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this company have returned +14.2%, compared to the Zacks S&P 500 composite's +5% change. During this period, the Zacks Insurance - Property and Casualty industry, which Root falls in, has gained 2.8%. The key question now is: What could be the stock's future direction?While media releases o ...

This small insurance company has shocked investors with its staggering growth.If you're looking for a stock that has absolutely crushed it, look no further than Root (ROOT -9.21%). Over the past year, the upstart insurance company has shot up over 1,250%.The company's surge began a few months ago, when it surprised investors with its stellar growth and impressive turnaround in profitability. Here's the story behind Root's most recent success and what investors should watch for from here.Root's ambitious aut ...

In the first quarter, the path to gap profitability looks stronger than ever. We continue to be excited by the longterm growth potential of the business by adding additional partners, expanding our footprint and continuing to improve our prices and products. I am proud of our entire team for the dedication toward driving our success in this quarter. Thanks, Alex. Overall, it was an excellent start to 2024, with further improvements across nearly all of our key financial metrics. For the first quarter, our n ...

Root, Inc. (ROOT) came out with a quarterly loss of $0.42 per share versus the Zacks Consensus Estimate of a loss of $2.51. This compares to loss of $2.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 83.27%. A quarter ago, it was expected that this company would post a loss of $2.49 per share when it actually produced a loss of $1.64, delivering a surprise of 34.14%.Over the last four quarters, the company has surpassed con ...

The latest trading session saw Root, Inc. (ROOT) ending at $51.44, denoting a +0.02% adjustment from its last day's close. The stock's change was more than the S&P 500's daily loss of 0.88%. On the other hand, the Dow registered a gain of 0.56%, and the technology-centric Nasdaq decreased by 2.05%.The company's shares have seen a decrease of 0.66% over the last month, surpassing the Finance sector's loss of 6.2% and the S&P 500's loss of 2.57%.The investment community will be closely monitoring the performa ...

Super Micro Computer (NASDAQ: SMCI) has made headlines this year, as the company came from nowhere to become one of the best-performing companies in Wall Street. It has surged by more than 253% this year, giving it a market cap of over $60 billion. It even entered the S&P 500 index on Monday.Root stock price is surgingCopy link to sectionBut SMCI is trailing another technology company. Root (NASDAQ: ROOT) stock price is up by more than 1,524% in the past 12 months and 467% this year alone. This remarkable s ...