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

TheMotleyFool

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If You Invested $1,000 in Lemonade Stock in 2020, This Is How Much You Would Have Today: https://g.foolcdn.com/editorial/images/723634/excited-investor-looks-at-financial-charts-on-computer-1.jpg

Insurance is an age-old industry, but that doesn't mean companies aren't trying new things. Insurance technology company Lemonade (NYSE: LMND) had its initial public offering (IPO) in 2020 and quickly became a favorite among retail investors.

Unfortunately, the stock collapsed amid the 2022 bear market. Had you invested $1,000 at its IPO, you would have only $216 today.

But don't assume that the stock is trash; many growth stocks sit well below their former highs. So is now the time to buy shares for an eventual rebound? Or is this potential disruptor barking up the wrong tree? Here is why Lemonade might not stay down forever.

Source Fool.com

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