Lemonade(LMND) Benzinga·2024-12-24 13:11Core Insights - The chief business officer and chief insurance officer of Lemonade Inc sold shares on December 3, indicating potential short-term pressure on the stock [1][3] - The stock has seen a significant year-to-date increase of 134.15%, outperforming the NYSE Composite, but has declined by 21.80% over the last month [10] Company Transactions - Chief Business Officer Maya Prosor sold 304 shares for $13,832, retaining 8,684 shares directly and 29,286 shares indirectly through Cohen Holdings, LLC. The sale was to cover tax obligations [2] - Chief Insurance Officer John Sheldon Peters sold 1,790 shares worth $81,445, reducing his ownership by 1.98% to 88,493 shares [6] Technical Analysis - The stock is currently under short-term pressure based on technical analysis, with daily moving averages indicating this trend [3] - The relative strength index stands at 49.22, suggesting the stock is in a neutral zone, neither overbought nor oversold [4] - The stock price of $39.90 is below its eight-day and twenty-day simple moving averages of $40.95 and $44.42, respectively, but above the 50-day and 200-day moving averages of $33.92 and $21.50 [9] Analyst Ratings - Recent analyst ratings show a target upgrade from JMP Securities, BMO Capital, and Piper Sandler, but still imply a 0.58% downside for Lemonade Inc [5] - A consensus 'sell' rating from 12 analysts has a price target of $29.18 per share, with the highest target at $60 from JPMorgan and the lowest at $12 from BofA Securities [8]