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Why Lemonade Stock Soured 21% in April

TheMotleyFool

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Shares of insurance technology company Lemonade (NYSE: LMND) fell 21% in April, according to data provided by S&P Global Market Intelligence. There wasn't any news about the company in April, but it's been on the receiving end of a general investor backlash against tech stocks and specifically fintech stocks over the past few months.

Pessimistic investors may also be sending the stock price back down after a slight uptick in March in expectation of its first-quarter earnings report, set to be released on May 9.

Image source: Getty Images.

Source Fool.com

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