3 Reasons Lemonade Could Make You Rich in 2021 (and Beyond)

Since its initial public offering (IPO) last July, Lemonade (NYSE: LMND) stock has taken investors for a wild ride. After closing at a high of $183 in January, it subsequently lost more than half of its value and bottomed out at $87 per share in early March. Since then, the share price has climbed back over $100, but it's still down 40% from its 52-week high.

It never feels good to lose money, but this volatility is to be expected with a disruptive growth company like Lemonade. Rather than sell out of fear, investors should take this opportunity to buy a few shares while they're on sale.

Lemonade collects far more data than a traditional insurance company, and it uses that data to power the artificial intelligence that drives its business. That gives the company a big advantage.

Source Fool.com