Here's Why Lemonade Stock Is Soaring Today
The stock market was little changed shortly after the opening bell on Wednesday, but insurance technology company Lemonade (NYSE: LMND) was a big exception. As of 9:45 a.m. EDT, Lemonade shares were higher by more than 12%.
Although we're in earnings season, we haven't heard Lemonade's latest results yet. Instead, investors are cheering the launch of Lemonade Car, the company's much-anticipated auto insurance platform.
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Source Fool.com