MILE News and Press, Metromile Inc. From 12/07/21

Shares of popular insurance technology company Lemonade (NYSE: LMND) fell 20% in November, according to data provided by S&P Global Market Intelligence . Lemonade launched its long-anticipated auto insurance product, Lemonade Car, and announced its acquisition of auto insura...

Root's share price is now down 85% from its IPO. Its market capitalization is just $1bn, compared to net cash of $764m. Q3 results and recent news have given little comfort to disillusioned investors. Growth was low and profitability did not improve. New distribution with Carvana ...

Lemonade (NYSE:LMND) stock drops 2.9% in premarket trading after Jefferies analyst Yaron Kinar initiates coverage of the insurtech stock with an Underperform rating, and Hippo Holdings (NYSE:HIPO) gains 2.8% after the analyst assigns a Buy rating. Root (NASDAQ:ROOT), initi...

Metromile (NASDAQ:MILE): Q3 GAAP EPS of -$0.21 misses by $0.11. Revenue of $30M (+277.4% Y/Y) beats by $18.56M. Press Release For further details see: Metromile EPS misses by $0.11, beats on revenue

SAN FRANCISCO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (NASDAQ: MILE, MILEW), a leading digital insurance platform and pay-per-mile auto insurer, today announced its results for the third quarter ended September 30, 2021. “During the quarter, we continued to make prog...

McAfee to be acquired by an investor group comprised of Advent, Permira, Crosspoint Capital, CPP Investments, GIC, and ADIA for $14 billion. On November 5, 2021, Bloomberg reported that McAfee was in advanced talks to go private. CorePoint Lodging to be acquired by Highg...

Lemonade has launched its car insurance product and announced the acquisition of Metromile to help accelerate its move into car insurance. Investors showed displeasure in the all-stock Metromile deal because the company has poor fundamentals and wasn't considered a success. The st...

Lemonade 's (NYSE: LMND) stock dipped 5% in after-hours trading Monday after the online insurer posted its third-quarter earnings and announced its plans to buy Metromile (NASDAQ: MILE) , a digitally native provider of pay-per-mile auto insurance, for $500 million in stock. ...

4 Reddit Penny Stocks to Watch in Mid-November 2021 If you look for penny stocks on Reddit, you are not alone. Many investors have turned to the social media site as a way to find potentially valuable penny stocks to buy . And while it may seem as easy as stumbling across frequently...

Lemonade reported earnings, and the stock plummeted because of a dilution caused by an acquisition. Despite the fall, I believe the company reported great earnings, and I also believe that the Metromile acquisition was an ingenious move. Lemonade's earnings conference regarding it...