Lemonade share price plunges 14% after results
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Lemonade share price plunges 14% after results

Bernard Goyder
March 03, 2021
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Lemonade shares fell 14% in trading on Tuesday morning and into the afternoon, despite the InsurTech releasing fourth-quarter earnings that exceeded analyst expectations, after the company revealed it had suffered heavy losses due to extreme winter weather in Texas.

The share price drop to $113.39 by lunchtime on Tuesday had wiped more than $1bn off Lemonade’s market capitalization, which is now down to $6.8bn,

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Bernard Goyder
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