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.

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Source Fool.com