Why Lemonade Stock Leaped Today
A new reinsurance deal should help the AI-driven insurer hit its profitability goals.
Overview
Shares of Lemonade (NYSE: LMND) furthered their recent ascent on Monday. Investors are growing increasingly intrigued by the future earnings power of the artificial intelligence (AI)-powered insurance provider.
Image source: The Motley Fool.
The market continues to reprice Lemonade's shares following its announcement on June 30 that it renewed its reinsurance program on significantly better terms.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.