Is the Worst Over for Lemonade?

Insurer Lemonade (NYSE: LMND) had a dramatic debut year on the stock market. It went public one year ago, in July 2020, and closed at $69 on its first day of trading. It reached as high as $163 in February before crashing back down to $60 in May, before rebounding to $86.59 as of Tuesday's market close.

Investors were impressed with Lemonade's disruptive model early on, but a poor first quarter had them running for the hills. Is the worst over yet?

Image source: Getty Images.

Source Fool.com