Why Jumia Technologies Stock Was Sliding Today
Shares of Jumia Technologies (NYSE: JMIA), the African e-commerce company that has surged in recent weeks, were getting dinged today after it announced an at-the-market offering this morning, signaling that current shareholders are about to get diluted.
As of 11:23 a.m. EDT on Monday, the stock was down 8.8%.
A Jumia delivery driver. Image source: Jumia Technologies.
Source Fool.com
