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Here's Why Lemonade Stock Is Plunging on Wednesday

Here's Why Lemonade Stock Is Plunging on Wednesday

The stock market was having a generally weak day on Wednesday, but insurance technology disruptor Lemonade (NYSE: LMND) was a big disappointment. As of 10 a.m. EDT, Lemonade's stock price had fallen by nearly 14% to its lowest level since December. As you might expect, Lemonade's just-released earnings report is behind the move.