Should You Buy Lemonade Stock While It's Below $40?

Lemonade (NYSE: LMND) has taken investors on a wild ride since its initial public offering (IPO) in July 2020. The online insurance provider went public at $29, skyrocketed to a record high of $183.26 during the growth- and meme-stock rally in January 2021, but now trades at about $28.Lemonade initially dazzled investors with its rapid growth, its popularity with younger customers, and its use of artificial intelligence (AI) chatbots to serve its customers and settle claims. However, it lost its luster as growth cooled, losses piled up, and rising interest rates depressed its valuation. The bears also questioned its ability to scale up its business and keep pace with larger insurance companies.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool