: Metromile stock rallies 7% after Lemonade announces acquisition

Insurance company Lemonade said late Monday it has agreed to buy Metromile in a bid to jumpstart its auto-insurance business and sending shares of Metromile more than 13% higher.

Insurance company Lemonade said late Monday it has agreed to buy Metromile in a bid to jumpstart its auto-insurance business and sending shares of Metromile more than 13% higher.