Here's Why Lemonade Stock Hit a New All-Time High Monday

The stock market was having a generally negative day on Monday, with all three major indexes in the red a couple of hours into the trading day.

But insurance tech company Lemonade (NYSE: LMND) was another story altogether. As of 11:20 a.m. EST today, the high-momentum recent IPO had gained nearly 14% and hit a new all-time high.

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Source Fool.com