US Stock Market Move | Lemonade (LMND.US) falls over 9%, stock price drops below $40.

On Friday, the stock price of insurance company Lemonade (LMND.US), based on artificial intelligence (AI) and big data technology, fell. As of the time of writing, the stock dropped more than 9%, to $39.95. Earlier reports indicated that the company's shareholder SoftBank Group Capital Ltd sold 1.2771 million shares of common stock at an average price of $43.8812 per share on December 16 and 17, with a total value of approximately $56.041 million.