Why Root Shares Are Trading Higher By 50%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Root, Inc. shares gained 50.1% in pre-market trading following a report suggesting the company has received a takeover bid. Other stocks with significant pre-market movements include ShiftPixy, T2 Biosystems, DSS, Tempo Automation, Siyata Mobile, Aeglea BioTherapeutics, Applied Optoelectronics, U.S. Gold Corp, and Ault Disruptive Technologies.
June 22, 2023 | 11:51 am
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Root, Inc. shares gained 50.1% in pre-market trading following a report suggesting the company has received a takeover bid.
Root, Inc. shares surged in pre-market trading due to the report of a takeover bid, which typically leads to an increase in stock price as investors anticipate a premium on the acquisition price.
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