🟢 Lemonade is trading 4.23% up today as shares rebound from a post-earnings selloff and KBW upgrades the stock

Lemonade is trading at $49.38 (+4.23%) as the stock recovers from a sharp 24% plunge following its Q2 earnings report on July 29.

• KBW upgraded the stock to Market Perform, noting that while expectations were high heading into the results, the significant selloff has recalibrated the stock's valuation.
• Although investors initially focused on softer in-force premium guidance and continued losses, a beat on Q2 revenue and a firmer broader market are helping to drive the current bounce.