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Why Is Lemonade Stock Falling Today?


To say that the stock market was having a volatile day on Tuesday would be a massive understatement, and that's especially true for some of the best-performing tech stocks. The tech-heavy Nasdaq is by far the worst performer of the three major indexes today, and there are quite a few "momentum stocks" taking quite a plunge.

Insurance technology company Lemonade (NYSE: LMND) is one of the worst-hit stocks on Tuesday. As of 2:45 p.m. EST, shares were down by 9% after falling by more than 15% earlier in the session.

Image source: Getty Images.

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Source Fool.com

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