• Lemonade drops 11% after notorious short-seller says the stock should trade 43% below current levels

    3 days ago - By Business Insider

    Summary List Placement Lemonade 's stock dropped as much as 11% on Thursday after Andrew Left's notorious short-selling fund, Citron Research, predicted the online-insurance platform will fall back to $100.
    Founded by Daniel Schreiber and Shai Wininger, Lemonade operates an online insurance platform that uses AI chatbots to help service customers.
    Lemonade finished Wednesday at $176.64 per share, meaning that a decline to $100 would be a 43% loss.
    Of course, that hasn't been the case very often of late, as short-sellers have struggled over the past few years. Misses on big bets on Tesla...
    Read more ...

     

  • Lemonade drops 11% after notorious short-seller says the stock should trade 43% below current levels

    Lemonade drops 11% after notorious short-seller says the stock should trade 43% below current levels

    3 days ago - By Business Insider

    Lemonade
    Lemonade stock fell as much as 11% on Thursday after a negative tweet from notorious short-seller Citron Research.
    The online-insurance platform has outpaced the market considerably since its July IPO with shares up more than 130%.
    Lemonade stock boasts a market cap in excess of $9 billion and trades at almost 100-times sales.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    Lemonade 's stock dropped as much as 11% on Thursday after Andrew Left's notorious short-selling fund, Citron Research, predicted the online-insurance platform will fall back to $100...
    Read more ...