Root stock spikes over 58% after achieving profitability for first time in Q3
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Root stock spikes over 58% after achieving profitability for first time in Q3

The stock was hovering around $40 per share just before closing.

By Clark Mindock
October 30, 2024
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Root insurance Nasdaq.jpg

InsurTech Root’s stock surged roughly 58% in after-hours trading on Wednesday to over $64 per share after the company announced it reached profitability for the first time in company history in Q3.

The

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Log in now

Topics

News Results Stocks Root
Gift this article