Just a short while ago, Lemonade (LMND) stock was riding high, surging nearly 70% in just six months. Investors were optimistic as the insurance tech (insurtech) company showed promising growth. But now, the rally seems to have lost steam, with shares tumbling 37.5% over the past three months.
The downturn continued in midday trading on Wednesday, Feb. 26, with down 3% at the time of writing even though the company posted better-than-expected fourth-quarter results.
