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Here's Why Lemonade Stock Fell on Thursday

TheMotleyFool

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Here's Why Lemonade Stock Fell on Thursday

The stock market was having a fairly strong session on Thursday, but insurance disruptor Lemonade (NYSE: LMND) was an exception. As of 2:30 p.m. ET, Lemonade was down nearly 3%, reaching a fresh 52-week low in the process.

There isn't any company-specific news driving Lemonade's stock price lower. Rather, the latest downward move seems to be the result of an analyst downgrade.

Image source: Getty Images.

Source Fool.com

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