LMND - Hot Stocks: Auto insurance stocks rise; PD STLD rally; BIOX drops; SCWX hits low

The recent rebound on Wall Street continued during Thursday's session, with stocks posting another step higher. The gain allowed the S&P 500 to notch its first close above 4,400 since mid-February. Auto insurance stocks participated in the advance, after Allstate (ALL) revealed the benefit it has received from higher rates. Progressive (PGR), Root (ROOT) and Lemonade (LMND) also posted notable advances. PagerDuty (NYSE:PD) recorded standout gains as well, expanding its value by more than a fifth on strong earnings news. Steel Dynamics (NASDAQ:STLD) also advanced, with optimistic guidance sending the stock to a new 52-week high. On the other side of the ledger, Bioceres Crop Solutions (BIOX) posted a double-digit percentage decline on news of an acquisition. Meanwhile, a weak quarterly update drove SecureWorks (SCWX) to a new 52-week low.  Sector In Focus Signs that industry players are benefiting from rate increases sparked general buying in the auto insurance sector,

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Hot Stocks: Auto insurance stocks rise; PD, STLD rally; BIOX drops; SCWX hits low