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Why Jumia Technologies Plummeted 35.6% in July

TheMotleyFool

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Why Jumia Technologies Plummeted 35.6% in July

Shares of Jumia Technologies (NYSE: JMIA) sank 35.6% in July, according to data from S&P Global Market Intelligence. There wasn't any fresh company-specific news for the Dubai-based African e-commerce company, but its stock has continued to lose ground following a post-IPO hangover and a critical note from Citron Research alleging that the company had misled investors.