Where Will Lemonade Be in 1 Year?
A rising tide may lift all boats, but a rising stock market is leaving shares of many companies stranded. The S&P 500 is up 13% so far in 2023, but Lemonade (NYSE: LMND) stock is down more than 8% at the same time.
Investors have re-embraced growth stocks, even unprofitable ones, but somehow Lemonade isn't getting any investor love. Let's see what's going wrong and how it could change in a year's time.
I have to admit I didn't really get why the founders of Lemonade chose this cheery-sounding name for their insurance company, but it was explained that it's a parallel to the idea of when something bad happens, your insurance company makes it better, just like turning lemons into lemonade.
Source Fool.com
