Why Lemonade Stock Tumbled Today

Shares of Lemonade (NYSE: LMND) were falling today as the broader stock market took a hit. The S&P 500 was down by more than 2% as of this writing as investors grew concerned over rising COVID-19 cases, an upcoming Federal Reserve meeting, and instability from a major China-based property developer. 

Lemonade's share price was down by 6.3% as of 2:02 p.m. EDT.

Lemonade didn't have any company-specific news that caused its share price to drop today, so let's take a quick look at the three likely reasons why it fell, starting with China.

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Source Fool.com