Why Lemonade Stock Popped on Tuesday

·2 min read

Shares of insurance technology company Lemonade (NYSE: LMND) popped higher on Tuesday after the company reported financial results for the second quarter of 2022. As of 12:30 p.m. ET, Lemonade stock was up 13%. Lemonade management hammered home a gas-car metaphor in its letter to shareholders.