Lemonade, Inc. (LMND) shares fell 9.76 percent, losing $5.66 to $52.40 on Wednesday despite the company announcing the expansion of its Autonomous Car insurance product to Indiana.
The stock is currently trading at $52.40, compared with its previous close of $58.06 on the New York Stock Exchange. During the session, it opened at $56.80 and traded between $51.93 and $56.87. Trading volume reached 919,173 shares, below its average volume of 1.76 million shares.
The technology-driven insurance company said the offering provides Tesla owners with a 50% discount on miles driven using Tesla's Full Self-Driving Supervised technology. Management stated that the product leverages driving data and intelligent pricing models to pass savings on to customers using autonomous driving features.
Lemonade shares have traded between $34.10 and $99.90 over the past 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.