Lemonade Shares Surge Despite Year-to-Date Decline
Shares of Lemonade (NYSE: LMND) rose 21.1% in March 2026, recovering from a significant sell-off in February. Key to this rebound was Morgan Stanley’s upgrade to a ‘Buy’ status on March 17, which led to a 15.8% single-day increase in stock value, pushing shares from $52 to $63. However, despite March gains, the stock remains down 12% year-to-date.
The upgrade was fueled by the expected impact of Lemonade’s new insurance product for autonomous vehicles and a partnership with an unnamed electric vehicle manufacturer. In addition, the company’s announcement of joining the NASDAQ Internet Index on March 25 could help boost trading volumes. Nonetheless, broader economic concerns, including rising oil prices and inflation, have led to volatility in growth stocks like Lemonade.
