WISH - Better E-Commerce Stock: Jumia Technologies or Wish
Jumia (NYSE: JMIA) and ContextLogic 's (NASDAQ: WISH) Wish are two of the market's most volatile and divisive e-commerce stocks.
Jumia, a German e-commerce company that sells its products in about a dozen African countries, went public at $14.50 a share in 2019. The stock tumbled to $7 a share last September, skyrocketed to the mid-$60s during the meme stock frenzy this February, and now trades at about $20 a share.
Wish, an American cross-border marketplace that mainly sells cheap products from Chinese sellers, went public at $24 a share last December. The stock initially slid below its IPO price, bounced to the low $30s during the meme stock rally in February, but subsequently plunged to about $10 a share.
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Better E-Commerce Stock: Jumia Technologies or Wish