Why Lemonade Stock Gained 38% in November
Shares of Lemonade (NYSE: LMND) were climbing last month after the "insurtech" company delivered a better-than-expected earnings report and got some positive notes from analysts. Piper Sandler issued an overweight rating on Lemonade to kick off the month, calling it a disruptive insurance provider with a digital and tech-forward competitive advantage, which helped fuel its rally in the first week of the month. Lemonade shares then pulled back after its third-quarter earnings report came out even as it beat estimates.
