Better Buy: Lemonade vs. Rocket
Lemonade (NYSE: LMND) and Rocket Companies (NYSE: RKT) both joined the public markets with initial public offerings this year. Lemonade is an insurance technology company that leverages artificial intelligence to sell renters and homeowners insurance, while Rocket Companies is the largest mortgage originator in the U.S.
Lemonade IPO'd in July and is currently trading roughly 75% higher than when it was first priced at $29 per share. Rocket IPO'd in August, offering shares at $18 and is currently trading about 14% higher than its offering price. Both have been volatile since their IPOs. Let's see which is better positioned to succeed.
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Source Fool.com
