Here's Why Lemonade Stock Is Soaring to a New All-Time High on Thursday

The stock market was having a mixed day on Thursday, with the Dow Jones Industrial Average and S&P 500 indices in the red and the Nasdaq slightly higher.

High-flying insurance technology stock Lemonade (NYSE: LMND) is another story altogether. As of 2:45 p.m. EST, Lemonade was up 13% for the day to about $98.50 after briefly going as high as $111.68 earlier in the session.

Image source: Getty Images.

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Source Fool.com