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Why Is Lemonade Stock Soaring Today?

TheMotleyFool

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The stock market was having a strong day on Thursday. With about an hour left to go until the market's close, all three major indexes were in positive territory and the tech-heavy Nasdaq Composite was up about 2.5% for the day.

Insurance technology company Lemonade (NYSE: LMND) was a big outperformer. As of 3 p.m. EST, shares were higher by more than 14%.

Image source: Getty Images.

Source Fool.com

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