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Why Lemonade Stock Gave Up 15% Last Month

TheMotleyFool

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Why Lemonade Stock Gave Up 15% Last Month

Shares of Lemonade (NYSE: LMND) were turning sour last month after the high-tech insurance company slumped along with a broader sell-off in the market, continuing a slide that followed a surge on its July IPO. Shares finished down 15%, according to data from S&P Global Market Intelligence.

As you can see from the chart below, it was a rocky month for the company's stock.