Root Inc (NASDAQ:ROOT) Stock Falls 20% in a Week On Increased Volume

August 18, 2021

Root Inc (NASDAQ:ROOT) is down 20% in a week after the company announced worse than anticipated Q2 2021 financial results and also reduced its guidance for the rest of the year. The digital-focused insurance firm’s announcement backtracked gain the stock had ramped aftermarket trade on Wednesday following the announcement of a collaboration with and investment from Carvana, an online car dealer. According to Evercore ISI analyst David Motemaden highlights the…

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