Buy Alert: Lemonade Stock Is Headed Higher
Lemonade (NYSE: LMND) investors have been through a whirlwind in the last year. In early 2021, the stock peaked near $190 per share, but has since reversed course and fallen nearly 60% from its 52-week high.
Despite that volatility, Lemonade could disrupt the insurance industry, one of the largest markets in the world. If it's successful, shareholders could realize life-changing returns. Here's what investors should know.
Lemonade went public in July 2020, bringing a disruptive digital business model to the insurance industry. At the time of its IPO, it offered renters and homeowners policies in the U.S. (28 states), Germany, and the Netherlands.
Source Fool.com
