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Why Jumia Stock Surged Today

TheMotleyFool

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Why Jumia Stock Surged TodayPhoto, wide shot, wide-angle lens, Restaurant, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/6d1f34ee-79e7-4628-b30f-0a4597808d61.png

Shares of Jumia Technologies (NYSE: JMIA) spiked on Thursday after the Africa-focused online retail platform demonstrated marked progress toward its profitability goals.

Image source: Getty Images.

Jumia's quarterly active customers jumped 24% year over year 2.5 million in the first quarter. Those customers are also shopping on Jumia's marketplace more often. Orders of physical goods leaped 30% to 5.9 million.

Source Fool.com

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