Lemonade stock squeezes out a second day of huge post-IPO gains

Lemonade Inc. (LMND) shares had a second strong day of trading Monday following the mobile-based insurance startup launched its initial public offering late Wednesday…

Lemonade shares recently touched an intraday high of $96.51 and were last up 31% at $91.17.

On Thursday, Lemonade shares skyrocketed to close up nearly 140% on their debut on the New York Stock Exchange while U.S. markets were closed for the Independence Day holiday.

The company fashions itself as a disruptor in the insurance industry that uses AI and data analytics and…

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