Why Lemonade Stock Was Turning Sour Today
Lemonade(LMND) The Motley Fool·2024-08-01 01:32
The tech-first insurance company delivered another round of disappointing results. Shares of Lemonade (LMND -18.21%) were leaving a bitter taste in investors' mouths today after the "insurtech" company posted another disappointing quarterly earnings report, with slowing growth and a wide loss. As a result, the stock was down 15.9% as of 11:15 a.m. ET. Lemonade is still getting squeezed Following its pandemic-era boom and bust, Lemonade stock has struggled to convince investors it can build a viable business ...