Lemonade's Results Look Strong -- Why Is the Stock Plunging?

Matthew Frankel, CFP, The Motley Fool
·2-min read
Lemonade's Results Look Strong -- Why Is the Stock Plunging?

The stock market was having a flat day on Tuesday with the Dow Jones Industrial Average slightly higher and the S&P 500 and Nasdaq Composite slightly lower shortly after the market's open. Lemonade just released its fourth-quarter earnings report. Lemonade's loss ratio fell to 71% from 79% a year ago, which means the business is getting more profitable.