Why Lemonade Stock Jumped Today
Shares of Lemonade (NYSE: LMND) surged today, even as there was no company-specific news out on the stock and the Nasdaq finished flat. Instead, the "insurtech" stock seemed to benefit from a short squeeze as trading volume spiked. Additionally, good news from Carvana may have also helped spark the Lemonade squeeze.
The stock closed the session up 15.6%.
Trading volume in Lemonade shares was triple their average over the last three months, even though there was no news out on the stock and no major macroeconomic news today.
Source Fool.com
Carvana Co. Stock
€119.74
1.150%
Based on 7 Buy predictions and 7 Sell predictions the sentiment towards Carvana Co. is rather balanced.
A target price of 41 € results in a potential of -65.76% which would mean heavy losses compared to the current price of 119.74 € for Carvana Co..
