Porch Group Drops 9%, Next Move Ahead of Market Open
Porch Group shares closed at $9.94 Wednesday, down 8.8%, underperforming the Nasdaq Composite’s 0.89% drop. Trading volume reached 1.66 million. Porch reported a first-quarter net loss of $4.7 million on $109.4 million in revenue and raised its 2026 revenue guidance. Insurance-tech peers Lemonade, Hippo, and Root also fell sharply.