Will This Beaten-Down Stock Bounce Back? 3 Things to Know

Lemonade (NYSE: LMND) looked as refreshing as the drink after its debut as a public company in July 2020. But after an initial surge that sent it shares to a high of $163, this next-generation insurance company may have left a sour taste in the mouths of some investors, as the stock has plummeted.

Lemonade is down about 45% this year, trading at around $67 per share. Is this a stock worth holding onto or should you dump it? Here are three things to know about Lemonade that may help you decide.

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Source Fool.com