Here's Why Lemonade Stock Is Soaring Tuesday

The stock market was having a modestly negative day on Tuesday, with all three major averages slightly in the red as of 3:20 p.m. EST. However, insurance tech company Lemonade (NYSE: LMND) was a big exception, with shares higher by 11% for the day.

Interestingly, this comes on the heels of a double-digit decline in Lemonade's stock price just the day before, when the major market averages were moving higher.

Image source: Getty Images.

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Source Fool.com