Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

If You Invested $1,000 in Lemonade In 2020, This Is How Much You Would Have Today

TheMotleyFool

0 0

If You Invested $1,000 in Lemonade In 2020, This Is How Much You Would Have Today: https://g.foolcdn.com/editorial/images/738100/home-loan-insurance-real-estate-agent.jpg

Lemonade (NYSE: LMND) was a hot IPO (initial public offering) stock when it entered the public market in June 2020. Shares soared 164% over the first six or so months of trading to reach a peak price in January 2021. However, it's been on a terrible downtrend since then.

As of this writing, the stock is 76% below its IPO price. This means that a $1,000 investment back then would be worth just $240 now. Slowing growth, thanks to macro headwinds, coupled with shrinking valuations, have hurt investors.

Let's take a closer look at this innovative insurance business.

Source Fool.com

Like: 0

LMND

Share