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Why Lemonade Stock Gained for the Third Day in a Row

TheMotleyFool

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Why Lemonade Stock Gained for the Third Day in a Row: https://g.foolcdn.com/editorial/images/731579/lemonade-dragon.jpg

Shares of Lemonade (NYSE: LMND) were climbing for the second session in a row on Monday as better-than-expected results in its first-quarter earnings report helped fuel an apparent short squeeze, following last week's gains.

The stock closed up 11.1% on Monday after jumping 27% last Thursday and gaining another 3% on Friday.

Lemonade delivered better-than-expected results in its first-quarter report, showing strong growth in customer count and in-force premium. And its revenue also beat the analyst consensus.

Source Fool.com

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