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Why Lemonade Stock Jumped 13% Today

TheMotleyFool

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Shares of Lemonade (NYSE: LMND) closed Wednesday's trading 12.9% higher, despite a complete lack of news from the company or earthshaking developments in the homeowner insurance market.

Lemonade's stock continued a long-running pattern of rising prices and impressive share volumes, without any sudden spikes that might indicate a large investment from a single buyer. This is market momentum at its finest, driving the innovative insurer's stock prices to another all-time high.

Image source: Getty Images.

Source Fool.com

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