Root stock falls 10% on Carvana bankruptcy fears
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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