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Why Lemonade Stock Went Sour Today

TheMotleyFool

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Shares of Lemonade (NYSE: LMND) were falling two days after the "insurtech" company posted solid results in its fourth-quarter earnings report.

Today, the culprit seemed to be rising interest rates after a hotter-than-expected inflation report, which sparked a broad sell-off in the stock market.

As a result, Lemonade stock was down 3.9% as of 11:53 a.m. ET. At the same time, the Nasdaq was down 1.7%.

Source Fool.com

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