Why Root (ROOT) Stock Is Trading Lower Today
What Happened? Shares of digital auto insurance company Root (NASDAQ:ROOT) fell 10.2% in the morning session after its third-quarter earnings report showed a net loss, which overshadowed beats on revenue and earnings per share (EPS). The company initially saw its stock rise after it posted revenue of 0.35, both of which were better than analysts had predicted. However, the positive sentiment did not last as investors looked closer at the company's operational performance. Ro ...