Root stock falls 10% on Carvana bankruptcy fears
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Root stock falls 10% on Carvana bankruptcy fears

Farhin Lilywala
December 07, 2022
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Root logo Ohio.jpg

Root's shares fell 10% today after its partner Carvana's biggest creditors reportedly signed an agreement to cooperate in potential restructuring negotiations as the company faces growing bankruptcy risk.

The stock traded today at $5.73 per share, down 10.33% from yesterday's close. Meanwhile, Carvana's stock plummeted 43% today to $3.79

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Farhin Lilywala
Section Editor, Distribution & Specialty
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