Why Jumia Technologies Stock Plunged Today
Shares of Jumia Technologies (NYSE: JMIA) were taking a dive today after the African e-commerce company posted disappointing results in its second-quarter report. Revenue fell even as investors were hopeful that the pandemic would give a jolt to the company's performance as it has with other e-commerce stocks.
As of 10:47 a.m. EDT, the stock was down 28.1%.
Image source: Jumia Technologies.
Source Fool.com
