Friday's ETF with Unusual Volume: IAK
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 14 2024
0mins
Source: NASDAQ.COM
High Volume ETF Components:
- Progressive traded up 1.1% with over 1.1 million shares, while American International Group was down 0.1% with over 875,000 shares.
- White Mountains Insurance Group performed the best, up 1.3%, whereas Lemonade lagged, trading lower by 6.2%.
Friday's ETF Activity:
- iShares U.S. Insurance ETF had notable volume on Friday.
Video Content:
- The video titled "Friday's ETF with Unusual Volume: IAK" was mentioned.
Disclaimer:
- The views expressed in the content are of the author and may not represent Nasdaq, Inc.'s views.
Analyst Views on LMND
Wall Street analysts forecast LMND stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LMND is 77.60 USD with a low forecast of 40.00 USD and a high forecast of 98.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
2 Buy
3 Hold
1 Sell
Hold
Current: 96.570
Low
40.00
Averages
77.60
High
98.00
Current: 96.570
Low
40.00
Averages
77.60
High
98.00
About LMND
Lemonade, Inc. offers renters, homeowners, car, pet, and life insurance. The Company operates through the United States, Europe, including the United Kingdom, providing insurance products to customers through various sales channels. The Company's digital substrate enables it to integrate marketing and onboarding with underwriting and claims processing, collecting, and deploying data. Its technology includes Data Advantage, AI Maya, AI Jim, CX.AI, Forensic Graph, Blender, and Cooper. AI Maya, its onboarding and customer experience bot, uses natural language to guide customers in joining the Company. AI Jim, its claims bot, takes the first notice of loss from its customer without human intervention. It offers pet insurance that covers diagnostics, procedures, medication, accidents or illness. Even its basic pet insurance offering covers blood tests, urinalysis, lab work, and computed tomography scans.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
