Why Is Lemonade Stock Plummeting Today?

By Neil Rozenbaum – Feb 28, 2024 at 11:20AM

NYSE: LMND

Lemonade

Market Cap

$1B

Today's Change

(1.64%) $0.29

Current Price

$17.95

Price as of April 26, 2024, 4:00 p.m. ET

Lemonade stock is down 27% after the company reported fourth-quarter earnings.

In this video, I will review Lemonade's (LMND 1.64%) fourth-quarter earnings, which were better than this reaction suggests.

*Stock prices used were from the trading day of Feb. 27, 2024. The video was published on Feb. 28, 2024.

Neil Rozenbaum has positions in Lemonade. The Motley Fool has positions in and recommends Lemonade. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.