BUZZ-Insurer Lemonade extends post-investor day momentum, hits three-year high

Reuters

2024-11-22

BUZZ-Insurer Lemonade extends post-investor day momentum, hits three-year high

** Insurer Lemonade's LMND.N shares rise as much as 12.1%; last up 10.6% at $51.51 in afternoon trading

** Stock trading at its highest since Nov. 2021 and set for fifth straight day of gains

** LMND shares closed up 17% on Tuesday after firm unveiled plan at its investor day to grow its business over the next years

** Stock jumped another 16% on Wednesday as Wall Street brokerages hailed the firm's targets

** One of 10 brokerages rate the stock "buy", six "hold" and three "sell" or lower; median PT $21 - LSEG data

** As of last close, LMND shares up 188.8% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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