4 Things You Need to Know if You Buy Lemonade Today
By applying a tech-first approach to a massive legacy industry like insurance, Lemonade (NYSE: LMND) is catching on with customers who simply want a better user experience. This has resulted in impressive growth for the company, so it's not hard to see why the business might be on the radar of many investors looking for rapid gains.
If buying this fintech stock is a real consideration, it's best to take the time to learn more. Here are four things even the smartest investors should know about Lemonade.
To say that Lemonade's stock has gotten crushed would be an accurate statement. As of this writing, shares are 93% off their peak price set in January 2021. Even this year, when the Nasdaq Composite Index is up 31%, the insurance stock has declined 8%. It's discouraging that Lemonade hasn't even participated in the broader market's rally in 2023.
Source Fool.com
