WISH - Better E-Commerce Stock: Jumia Technologies or Wish?
Jumia (NYSE: JMIA) and ContextLogic (NASDAQ: WISH) , the parent company of Wish, have both been disappointing e-commerce investments.
Jumia, a German company that gained an early mover's advantage in Africa's nascent e-commerce market, went public at $14.50 per share more than two and a half years ago. Its stock hit an all-time high of $69.89 back in February, but subsequently tumbled back to about $15 per share.
Wish, which mainly allows Chinese merchants to sell cheap products to overseas buyers, went public at $24 per share last December. The stock hit an all-time high of $32.85 in late January, but it's only worth about $5 a share today.
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Better E-Commerce Stock: Jumia Technologies or Wish?