Why Jumia Technologies Stock Was Sliding Today
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.
Source Fool.com
