Here's Why Lemonade Stock Is Falling (Again) on Friday

Matthew Frankel, CFP, The Motley Fool
·2-min read
Here's Why Lemonade Stock Is Falling (Again) on Friday

The stock market was having a negative day on Friday, but insurance technology stock Lemonade (NYSE: LMND) was a big underperformer. As of 10:50 a.m. EST, Lemonade's shares were down by 7% after falling by as much as 10% earlier in the session. Lemonade recently sold 3.3 million new shares to raise capital to fund its growth, which typically gives investors concerns about dilution.