Why Shares of Root Stock Sank in December

Shares of Root (ROOT 2.83%) sank 27.3% in December, according to data from S&P Global Market Intelligence. The insurance technology (insurtech) upstart saw a pullback after gaining over 100% after fantastic third-quarter (Q3) earnings at the end of October. As a volatile stock, Root is still up over 500% in the last 12 months after it made a miraculous growth and profit turnaround in 2024. Thought to be close to bankruptcy, Root stock is still down 85% from all-time highs set close to when it went public in ...