Here's Why Lemonade Stock Is Falling on Monday
The stock market was having a strong day on Monday, fueled by news that President Donald Trump has signed the coronavirus relief bill. However, insurance technology stock Lemonade (NYSE: LMND) was moving in the opposite direction. As of 11:20 a.m. EST, shares had fallen by nearly 10% on the day.
Today's downward move could be fueled by the upcoming lockup expiration on shares held by insiders.
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Source Fool.com
