Lemonade (LMND) Surges 8.8%: Is This an Indication of Further Gains?

Lemonade (LMND) shares rallied 8.8% in the last trading session to close at $16.20. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 15% loss over the past four weeks. The insurer boasts a solid capital position. Its existing cash and cash equivalents will be sufficient to meet the working capital, liquidity and capital expenditure needs for at least the next 12 months. For Lemonade, the consensus EPS estimate ...