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home / news releases / JMIA - Why Jumia Technologies Stock Was Sliding Today

JMIA - Why Jumia Technologies Stock Was Sliding Today

Jumia Technologies AG American Depositary Shares each representing two

Shares of Jumia Technologies (NYSE: JMIA) were pulling back today after the African e-commerce company filed a secondary stock offering and as high-priced tech stocks pulled back broadly as treasury yields rose, weighing on growth stock valuations.

As of 12:50 p.m. EDT, Jumia shares were down 13.5%, while the Nasdaq Composite was off 1.5%.

Image source: Jumia.

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Why Jumia Technologies Stock Was Sliding Today
Stock Information
Company Name: Jumia Technologies AG American Depositary Shares each representing two
Stock Symbol: JMIA
Market: NYSE
Website: group.jumia.com
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