What's Going On With Lemonade Inc Stock?
Portfolio Pulse from Erica Kollmann
Lemonade, Inc. (NYSE:LMND) reported Q3 losses of 88 cents per share, beating the analyst consensus estimate of 94 cents. The company also reported quarterly sales of $114.50 million, beating the analyst consensus estimate of $104.46 million and representing a 54.73% increase over sales of $74 million from the same period last year. The company's shares are trading higher on heavy volume and have grabbed the attention of retail investors and short-sellers.
November 02, 2023 | 3:06 pm
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Lemonade, Inc. reported better than expected Q3 results, leading to a surge in its stock price. The company's shares have also attracted the attention of retail investors and short-sellers.
Lemonade, Inc. reported better than expected Q3 results, which is a positive signal for investors and can lead to a surge in the company's stock price. The fact that the company's shares are attracting the attention of retail investors and short-sellers can also impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100