Should You Buy Lemonade Stock While It's Below $40?
Lemonade(LMND) The Motley Fool·2024-11-09 17:30
Will this AI-driven online insurer maintain its momentum?Lemonade (LMND 4.06%) has taken investors on a wild ride since its initial public offering (IPO) in July 2020. The online insurance provider went public at $29, skyrocketed to a record high of $183.26 during the growth- and meme-stock rally in January 2021, but now trades at about $28.Lemonade initially dazzled investors with its rapid growth, its popularity with younger customers, and its use of artificial intelligence (AI) chatbots to serve its cust ...