Lemonade Stock Jumps on Plans to Insure Tesla's Self-Driving Cars [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
Lemonade is up Wednesday on news it will provide insurance for Tesla's (TSLA) vehicles that have full-self driving enabled. Valued at $5.8 billion, Lemonade (LMND) is an insurance startup that brings a digital approach to homeowners and renters insurance, as well as pet insurance, car insurance, and term life insurance. The company's business model relies heavily on artificial intelligence, allowing it to offer competitive rates and pay out claims instantly. I found today's Chart of the Day by using Barchart's powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction; and a Trend Seeker “buy” signal. I then used Barchart's Flipcharts feature to review the charts for consistent price appreciation. LMND checks those boxes. Although Lemonade stock is down 6% since the Trend Seeker issued a “Buy” on Jan. 12, the stock is recovering in Wednesday trade and has turned positive for the past 5-day perio
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