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Why Jumia Stock Plummeted Today

TheMotleyFool

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Jumia (NYSE: JMIA) stock took a hit on Tuesday. The African e-commerce company's share price fell 15.8% in a day of trading that saw the S 500 decline 0.4% and the Nasdaq Composite sink 0.6%.

Jumia published its fourth-quarter results before the market opened this morning and reported sales that came in ahead of Wall Street's expectations. On the other hand, the business posted a wider-than-anticipated loss.

Image source: Getty Images.

Source Fool.com

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