Long Position on ROOT @ $65.75 on 4/12/2024 (Fundamentals)

Root, Inc. (ROOT) provides insurance products and services in the United States.

The company offers automobile, homeowners, and renters insurance products. It operates a direct-to-consumer model; and serves customers primarily through mobile applications, as well as through its website.

The company's direct distribution channels also cover digital, media, and referral channels, as well as distribution partners and agencies. Root, Inc. was incorporated in 2015 and is headquartered in Columbus, Ohio.

Please note, this stock reports earnings on Tuesday, April 30th.

Entry Point: $65.75

Trading Range: $3.63 - $85.99

Stop Loss: $62.45

Target Price: $72.25

Position closed on 4/19/2024 at price of $62.45 with a -5.02% loss in 7 days.

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