Opinions
Jim Cramer - Mad Money
Metromile
MILE-Q
WATCH
Apr 16, 2021
SPACs have plunged in the past two months, but are now at attractive levels. One SPAC he's looking at is MILE. They're trying to disrupt the car insurance industry by charging for the actual miles you drive, not a flat rate. They're an e-insurer, boasting of 47% savings for customers. Mark Cuban are among their high-profile backers. The stock has plunged from $20 to $8 since it's debut. It's worth considering.
$7.990
Stock price when the opinion was issued
insurance
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