Why Lemonade Shares Fell 13.4% Last Month
Shares of insurance technology maverick Lemonade (NYSE: LMND) fell 13.4% in February, according to data from S&P Global Market Intelligence. The company had no news of its own to drive the share price in any particular direction. Instead, the volatile stock largely amplified whatever was going on in the broader market last month.
The jitters of February led up to Lemonade's Q4 report on March 1. The company edged out Wall Street's estimates across the board but followed up the solid results with modest guidance for the next quarter. Lemonade's stock took another sour turn on the news, falling 16.6% on March 2.
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Source Fool.com
