Jumia Stock Is Up 28% Today: What Investors Need to Know
Shares of Jumia Technologies (NYSE: JMIA) were up 27.8% as of 2:37 p.m. EDT on Monday, continuing a run that's seen the e-commerce company's stock more than double over the past week, and rocket 284% higher since the beginning of July.
Today's run-up looks to be a continuation of the bull run, without any news behind it. Jumia operates an e-commerce platform, offering distribution and product fulfillment in Africa's biggest countries. And just as in other parts of the world, the coronavirus pandemic has been a huge catalyst for increased e-commerce adoption, as consumers have shied away from traditional in-person retail shopping.
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Source Fool.com
