Here's Why Lemonade Stock Jumped, Then Fell After Earnings
Insurance technology company Lemonade (NYSE: LMND) was one of the more volatile stocks in the market on Tuesday morning. After initially rising by more than 11%, Lemonade quickly gave its gains back and then some. As of 10:15 a.m. ET, Lemonade's stock was actually down by about 2%.
Lemonade reported its first-quarter earnings on Monday, and while the report wasn't necessarily bad, it wasn't good, either. In short, it seems like investors don't know how to reconcile the strong growth metrics with the red flags.
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Source Fool.com
