Here’s a Thought! 7 July, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital
Shares of IPO Lemonade had a second strong day of trading Monday gaining almost 17% following the internet insurance broker’s launch last Wednesday. At some point Lemonade shares touched an intraday high of $96.50 but since then rolled back to $81.20. On its first trading day on the New York Stock Exchange last Thursday, Lemonade shares skyrocketed by nearly 140%. The company present itself as a disruptor in the insurance industry, but how is its rival company SelectQuote doing since its own market debut on May 21 this year?
It has plunged 12% from its peak price of $28.75 on June 16 apparently losing steam, so don’t tell us we didn’t warn you!
Shares of IPO Lemonade had a second strong day of trading Monday gaining almost 17% following the internet insurance broker’s launch last Wednesday. At some point Lemonade shares touched an intraday high of $96.50 but since then rolled back to $81.20. On its first trading day on the New York Stock Exchange last Thursday, Lemonade shares skyrocketed by nearly 140%. The company present itself as a disruptor in the insurance industry, but how is its rival company SelectQuote doing since its own market debut on May 21 this year?
It has plunged 12% from its peak price of $28.75 on June 16 apparently losing steam, so don’t tell us we didn’t warn you!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.